Question: answer for both question 1 and 2 . number 2question continuation is how much does he save every year Person A starts working at 33

answer for both question 1 and 2 . number 2question continuation is how much does he save every year

Person A starts working at 33 with no deposits. He retires at 65. His annual income is $50,000. He has to save some money to support his after-retirement life from 65 to 85. The constant interest rate is 4% per year. If(1) he chooses to maintain his after-retirement spending at the rate of 80% of his pre-retirement income, how much money should he deposit every year? if (2) he would like to maintain a constant spending before and after retirement. how much does he save

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