You Estimate You'll Need $200,000 Per Year for 25 Years

Multiple Choice

You estimate you'll need $200,000 per year for 25 years starting on your 65^th birthday to live on during your retirement.Today is your 50^th birthday and you want to make equal deposits into an account paying 9% interest per year,the first deposit today and the last deposit on your 64^th birthday.How much must each deposit be (rounded to the nearest $10) ?

A) $99,920
B) $85,840
C) $61,385
D) $49,380