You are trying to decide how much to save for retrement. Assume you plan to save 56,500 per year with the fint investment made one year from now. You thirk you can eam. 505 . per your on your investments and you plan to retio in 38 years, immediolely afler making your last $6,500 investment. a. How much wil you have in your redirement aseount on the day you retire? b. It, instead of investing $4,600 por year, you wanled to make one kamp oum inestment today for your rotrement hat will conul in uhe same metrem ent savicg how much woud that lanp aum neod to be? withdrewal (assume your aavings will conthue to eom 5.0% in rebrementy? tral-and-eror, a financial caloulator nove for N*. or Exed Auncton NPS A) \{Use trial-end-arror, a finaneial aacculstar solve for the intareat rate, or Excol fusction RATE) a. How much wil you have in your reairement account on the day you retien? The amcunt in the retiremert account in 38 years would be 1 (Round ta the nearest cent)