You begin saving for retirement at age 25, and you plan toretire at age 60. You want to deposit a certain amount each monthinto an account that pays an APR of 3% compounded monthly. Make atable that shows the amount you must deposit each month in terms ofthe nest egg you desire to have when you retire. (Round youranswers to the nearest cent.)
| Nest egg size | Needed deposit |
|---|
| $100,000 | $ |
| $200,000 | $ |
| $300,000 | $ |
| $400,000 | $ |
| $500,000 | $ |
| $600,000 | $ |
| $700,000 | $ |
| $800,000 | $ |
| $900,000 | $ |
| $1,000,000 | $ |
