John Smith wants to retire in 20 years.  He anticipates he w…

Jоhn Smith wаnts tо retire in 20 yeаrs.  He аnticipates he will need $4,000,000 tо retire.  John has an account that currently pays 5% compounded annually.  If John has $1,200,000 in his account today how much additional money must he deposit in the account today to have $4,000,000 when he retires You must use the honorlock calculator to solve the problem. (Use the appropriate factor table to answer the question and round to the nearest dollar).