You are a financial adviser working with a client who wants to retire in eight years. The client has a savings account with a local bank that pays 9 percent annual interest. The client wants to deposit an amount that will provide her with $1,000,000 when she retires. Currently, she has $300,000 in the account. How much additional money should she deposit now to provide her with $1,000,000 when she retires? my text book says the answer is 201,870
