Jonas desires fixed annual income of $85,000 beginning 20 years from now and lasting for 20 years. he plans to deplete the account. his annual required return is 9.5 percent. how much does he need to

Jonas desires fixed annual income of $85,000 beginning 20 years from now and lasting for 20 years. he plans to deplete the account. his annual required return is 9.5 percent. how much does he need to invest today to achieve his goal?