You plan to retire in year 20 Your retirement will last 25 years. You want to have $60,000 each year of your retirement. How much would you have to invest each year, starting in one year, for 10 years , to exactly pay for your retirement ,if your investments earn 3.00% APR (compounded annually)?

$71,246 $69,849 $73,342 $74,809 $72,671