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How much does she need to save per year

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Question - Scarlett Johannson wants to start saving up to build a giant Black Widow statue in her front lawn before she retires from acting completely. Her husband's tv show has seen a drop in ratings and she's not on great terms with Disney, so she is going to start saving money for the statue a year from today. It is expected to cost $3,200,000 at the time it is built. If Scarlett saves annually for 24 years into an account with a 2.8% annual return, how much does she need to save per year to afford her statue by the time she retires?

Reference no: EM133060997

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