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you are saving for retirement. To live​ comfortably, you decide you will need to save $2,000,000...

you are saving for retirement. To live​ comfortably, you decide you will need to save

$2,000,000

by the time you are

65.

Today is your

33rd

​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

6%​,

how much must you set aside each year to make sure that you will have

$2,000,000

in the account on your

65th

​birthday?

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