You are saving for retirement. To live​ comfortably, you decide you will need to save ​$2,500,000 by the time you are 65. Today is your 32nd ​birthday, and you​ decide, starting today and continuing on every birthday up to and including your 65th ​birthday, that you will put the same amount into a savings account. If the interest rate is 7%​, how much must you set aside each year to make sure that you will have ​$ 2,500,000 in the account on your 65th ​birthday? The amount to deposit each year must be $

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A: THANK YOU

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A:

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