You wish to retire in 30 years and you have estimated that you will need an amount of $1,200,000 to have a comfortable retirement. You wish to make 30 equal annual payments into an account at the end of each year. If you can earn 9% on your savings, compounded annually, over the next 30 years, how much must they invest at the end of each year for the 30 years to have $1,200,000 by retirement/

	$8804
	$9342
	$9765
	$8680