Question: please solve and post formula Trevor Smith wants to have $800,000 at retirement, which is 20 years away. He already has $150,000 in an IRA

please solve and post formula

Trevor Smith wants to have $800,000 at retirement, which is 20 years away. He already has $150,000 in an IRA account earning 6 percent annually. Starting next year, he plans to invest in a mutual fund the same amount every year until he retires. Helexpects to earn 9 percent annually with mutual fund investment. What is the minimum amount Trevor will have to invest every year to achieve his savings goal at retirement? 5,366.78 15,940.18 6,233.95 7,045.32

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