Question: Without using excel, how do I solve this step by step? How do I solve a question like this? Your retirement account has a balance

Without using excel, how do I solve this step by step?

How do I solve a question like this? Your retirement account has a balance today of $11,000. If you want to have $2,000,000 when you retire 34 years from today, how much would you have to deposit at the end of each of the next 34 years to achieve your goal. Assume your interest rate is 9.7%.

**Without using excel** please

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