Question: Q 2 : You've just started your first job at 2 5 years old. Your annual salary is $ 5 0 , 0 0 0

Q2: You've just started your first job at 25 years old. Your annual salary is $50,000, and you plan to retire at 65. You can invest your savings with a return of 5% per year, compounded annually.
Please round your answer to two decimal places, in dollars. (e.g.12345.67)
a. If you save 20% of your salary every year for the first 10 years (last deposit on your 35th birthday) and stop saving afterward, how much will you have by the time you turn 65?
b. If you don't save anything for the first 10 years and start saving at 35, what percentage of your salary will you need to save every year until retirement to have the same amount as in part a)?
Q 2 : You've just started your first job at 2 5

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