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Your friend is celebrating her birthday and wants to start saving for retrement. She has provided you win the following information: - Years unsl retirement

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Your friend is celebrating her birthday and wants to start saving for retrement. She has provided you win the following information: - Years unsl retirement 30 - Anount to withdraw each yesr in retirement $120,000 - Years to withdraw in retirement 12 - Interost rate while saving: 9% - Interest rate in retiromont 6% - Saved lodsy (nest ego) $25,000 The frat deposit wil be made one year from today, and the las deposh wa be made on the day she retres. Her frat wehdrawal will not ccour unel one year after she retres, and she plans to spend her entire nest egs fiuppose your frend has jat inherited a large sum of money. Rather than making equal annual payments, she has decded to make one lump-eum depesit today to eover her retirement needs. She plans to spend what she has currenty saved today on a new car. Calculate the arnount she must deposit loday to resch her retirentent goal. (Round to 2 decimals)

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