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Andrea is 40 years old today and she wishes to accumulate $2,000,000 by her sixty fifth...

Andrea is 40 years old today and she wishes to accumulate $2,000,000 by her sixty fifth birthday so she can retire to a beach in Florida. She wishes to accumulate this amount by making equal deposits on her fortieth through her sixty fourth birthdays. Compute the annual deposit Andrea must make if the fund will earn 6% interest compounded annually.

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Annual deposit: 1 Number of deposits (40th till 64th), NPER 2 Rate of interest. RATE 3 Future value, FV 4 Present value, PV 5

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