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Your goal is to have $2,200,000 when you retire 43 years from now. To achieve your goal, you plan to make 43 annual deposits, beginning

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Your goal is to have $2,200,000 when you retire 43 years from now. To achieve your goal, you plan to make 43 annual deposits, beginning today, in a bank certificate of deposit that will pay 5.0% interest. You will increase your payments by 2.0% each year. What should be your first deposit today to meet your goal? $12.341 $9.201 $10,825 $9.743 $12,557

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