Question: You are saving to retire with $1,000,000 thirty years from today. You can start the savings plan with a $5,000 deposit today. Additionally, you can deposit $7,500 ten years from today, $10,000 twenty years from today, and $15,000 upon retirement. Finally, you need to set up an ordinary annuity plan to reach your goal. What annual payment must you make in the plan to have $1,000,000 upon retirement if you can invest at 12%?