Twenty years ago, you had a balance of $200,000 in your retirement account. Today, after making...

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Twenty years ago, you had a balance of $200,000 in your retirement account. Today, after making annual contributions for 20 years, you have $1,000,000 in the same account. If the account earned annual interest of 8%, how much did you contribute to the account each year? Twenty years ago, you had a balance of $200,000 in your retirement account. Today, after making annual contributions for 20 years, you have $1,000,000 in the same account. If the account earned annual interest of 8%, how much did you contribute to the account each year?

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