Question: (Compounding using a caiculator and annuities due) Springfield mogul Monigomery Burns, age 70 , wants to ratire at ago 100 in order to steal candy

 (Compounding using a caiculator and annuities due) Springfield mogul Monigomery Burns,

(Compounding using a caiculator and annuities due) Springfield mogul Monigomery Burns, age 70 , wants to ratire at ago 100 in order to steal candy from babies full time. Once Mr, Burns retires, he wants to withdraw $0.9 billion at the beginning of each year for 5 years from a special offshore account that will pay 21 percent annually. In order to fund his rotirement, Mr. Burns will make 30 equal end-of-the-year deposits in this same special account that will pay 21 percant annuatly. How much money will Mr. Burns neod at age 100, and how large of an annual deposit must he make to fund this retirement account

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