You would like to have enough money saved to receive a growing annuity for 25 years, growing at a rate of 2% per year, with the first payment of $75,000 occurring exactly one year after retirement. How much would you need to save in your retirement fund to achieve this goal? (The interest rate is 8%. Multiple Choice - $912,055 - $980,080 - $899,992 - $950,553 - $889,889