Question: PLEASE SHOW WORK! will rate any answer 2. You are 25 years old today, and plan to retire in 35 years, on your 60th birthday.

PLEASE SHOW WORK! will rate any answer 2. You are 25

PLEASE SHOW WORK! will rate any answer

2. You are 25 years old today, and plan to retire in 35 years, on your 60th birthday. You expect to live for 30 years after you retire. You want to retire with an annual income of $125,000 per year. You will make the first of your 30 annual withdrawals from the account on the day that you retire. You expect to earn 10% per year on your investments between now and your retirement date, and expect to earn 6% per year on your investments after retirement. If you make equal annual contributions to the account, how much must you invest each year if: (a) you have no money currently invested? (b) you have $10,000 currently invested

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