will upvote thanks

q11

The remaining five questions on this test require you to use the A = B x C logic explained in the course videos. In other words, you will not be solving for any of the four time value of money amounts per se. Rather, you will be solving for a specific amount, interest rate, or number of years that are part of the four time value of money equations. You have calculated how much money you will need to have when you retire in 30 years in order to live a comfortable life during retirement. The amount is $930,000. If you can earn 5% on your investments between now and retirement, how much do you have to save each year for the next 30 years, (Obviously, this is an annuity problem because it involves annual payments. I will leave it to you to decide whether future value or present value is involved. In terms of the A - B x C framework, you know A and C. Find B.) Round your answer to the nearest thousand dollars. $16,000 $10,000 O $12,000 $18,000 O $14,000