Question: Drew currently has nothing saved for his retirement, which will start in 4 years from today. Drew wants to receive $74,000 each year for 7

Drew currently has nothing saved for his retirement, which will start in 4 years from today. Drew wants to receive $74,000 each year for 7 years during retirement. The first of these 7 payments will be received in 4 years from today. Drew can earn a return of 8.2 percent per year in his account. How much does Drew need to save each year for 4 years to have exactly enough to meet his retirement goal if he makes his first annual contribution to savings today and all savings contributions are equal?

	a.	$84,667 (plus or minus $10)
	b.	$64,966 (plus or minus $10)
	c.	$78,251 (plus or minus $10)
	d.	$91,610 (plus or minus $10)
	e.	None of the above is within $10 of the correct answer

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