you are saving for retirement and want to generate a retirement income of $65,000 per year for 25 years (first withdrawal 40 years from today). To fund this retirement, you plan to deposit an equal amount each year, for the next forty years (first deposit 1 year from today; last deposit 40 years from today). If you earn 7% per year, how much do you need to deposit each year to fund your retirement? Ans: $4,059.99 Explain how you got answer