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You are a financial adviser working with a cllent who wants to retire in elght...

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Accounting

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You are a financial adviser working with a cllent who wants to retire in elght years. The client has a savings account with a local bank that pays 8% annual Interest. The client wants to deposit an amount that will provide her with $1,008,000 when she retires. Currently , she has $303,200 in the account. (FV of $1. PV of $1. FVA of $1. and PVA of $1) (Use the appropriate factor(s) from the tables provided.) How much additional money should she deposit now to provide her with $1,008,000 when she retires? (Round your answer to nearest whole dollar.) Additional deposit amount

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