You are saving for retirement. to live comfortably, you decide you will need to save $ 1million by the time you are 65.today is your 29 thbirthday, and you decide, starting today and continuing on every birthday up to and including your 65 thbirthday, that you will put the same amount into a savings account. if the interest rate is 8 %,how much must you set aside each year to make sure that you will have $ 1million in the account on your 65 thbirthday?

Schuepfer inc. bases its selling and administrative expense budget on budgeted unit sales. the sales budget shows 1,800 units are planned to be sold in march. the variable selling and administrative expense is $4.30 per unit. the budgeted fixed selling and administrative expense is $35,620 per month, which includes depreciation of $2,700 per month. the remainder of the fixed selling and administrative expense represents current cash flows. the cash disbursements for selling and administrative expenses on the march selling and administrative expense budget should be: