Marica is planning for her golden years. She will retire in 20 years at which time she plans to begin withdrawing 60,000 annually. she is expected to...

Marica is planning for her golden years. She will retire in 20 years at which time she plans to begin withdrawing 60,000 annually. she is expected to live for 20 years after retirment. Her financial advisor thinks she can earn an average 9% annually. How much does she need to invest each year to prepare for her financial needs under the above plan