You wish to retire after 25 years; at which time you want to have accumulated enough money to receive an annuity of $60,000 a year for 20 years of retirement. During the period before retirement you can earn 3 percent annually, while after retirement you can earn 4 percent on your money.

Question: What annual contribution to the retirement fund will allow you to receive the 60,000 annually?

Question 21 options:

A)	$28,238.02
B)	$29,238.02
C)	$22,363.84
D)	$35,085.63