You want to be able to withdraw $20,000 from your account

Last updated: 7/10/2022

You want to be able to withdraw $20,000 from your account each year for 30 years after you retire. You expect to retire in 20 years. If your account earns 8% interest, how much will you need to deposit each year until retirement to achieve your retirement goals? $ Round your answer to the nearest cent.