Your friend is celebrating her 35th birthday today and wants to start saving for her anticipated retirement at age 65. She wants to be able to withdraw Rs 125,000 from her savings account on each birthday for 20 years following her retirement; the first withdrawal will be on her 66th birthday. Your friend intends to invest her money in the local bank, which offers 7 percent interest per year. She wants to make equal annual payments on each birthday into the account established at the bank for her retirement fund. If she starts making these deposits on her 36th birthday and continues to make deposits until she is 65 (the last deposit will be on her 65th birthday), what amount must she deposit annually to be able to make the desired withdrawals at retirement?

NOTE=PLEASE SOLVE IT MANUALLY WITHOUT USING EXCEL

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