Question: Problem 4 : Planning for Life Right after graduating from LSU, you get your dream - job with a starting salary $ 1 0 0

Problem 4: Planning for Life
Right after graduating from LSU, you get your dream-job with a starting salary $100,000 annually
(paid at the end of each year), which is expected to grow by 5% every year. You plan to stay in
that job for 30 years and then retire. Your annual contribution to a 401 K os 15% of your annual
salary (including your employer's contributions). Your 401 K is expected to make an annual return
of 11% until you retire. Assume annual payments and annual compounding.
Estimate your final annual salary before retirement.
Estimate how much money you would have in your 401 K by the time your retire
Problem 4: Planning for Life Right after graduating from LSU, you

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