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Brent wants to have enough in his RRIF when he retires at age 65 to...

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Finance

Brent wants to have enough in his RRIF when he retires at age 65 to be able to provide himself an annual income of $61,000 lasting until his age of 85. He is assuming a real rate of return on his RRIF of 3.0%. How much does he need to have accumulated in his RRIF at age 65 to provide this retirement income? Input the number to the nearest dollar. CAN YOU EXLPAIN IN A FINANCIAL CALCULATOR

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