You wish to build an independent fund for your retirement planned for your 65^th birthday.on your 29^th birthday, you will make the first contribution of 2,400, into the fund that will warn 10% per year effectively. Each subsequent annual payment into the fund will be 2% larger than the previous one. You will make your last payment into the funds on your 65^th birthday. At age 65, when you retire, you have decided to opt for 30 equal annual payments from the fund with the payments to start on your 66^th birthday. How large will each payment be, assuming the funds will still be earning 10% per year effectively?