Your friend is celebrating her birthday and wants to save for retirement. She has provided you with the following info:

Years until retirement: 40

Amount to withdraw each year in retirement: $90,000

Years to withdraw in retirement: 20

Interest Rate while saving: 8%

Interest rate in retirement: 3%

Saved today: $10,000

The first deposit will be made one year from today, and the last deposit will be made on the day she retires. Her first withdrawal will not take place until one year after she retires and she plans to spend her entire nest egg.

Suppose your friend has just inherited a large sum of money. Rather than making equal annual payments, she has decided to make one lump-sum deposit today to cover her retirement needs. She plans to spend what she has currently saved today on a new car.

Calculate the amount she will need to deposit today to reach her retirement goal. (Enter a positive value and round to 2 decimals).

Your end is celebrating her Years menta Amount to www.cache.000 Years to 20 Seved today 310.000 The first deposit will be made one year and the last post will be made on the day whes Her first place until one year after the retires and she has to spend her Suppose your friends wharted lorem money Rather than minggu pements she has decided to make one hunn dupook today to cover her retirement de Shearse end what she has currently red today Calculate the amount she will need to pay to reach herrement goal or a positive value and round to 2 cm)