mma is currently 23 years of age and she wants to start planning for her lifetime financial well-being. She estimates that after she retires, she will need beginning-of-year withdrawal of $96,000 per year to cover living expenses for 39 years. Emma opens an investment account that promises to pay 11% interest compounded annually and she wants to start making annual deposits into this account to save for her retirement. If she makes her first deposit a year from now and she wishes to retire in 35 years, how much will each deposit have to be? Assume that Emma keeps her savings in the same account after she retires.
How do I solve this is a TI-84 Plus Calculator?
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