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Assume you are about to graduate from college and take a job that is related...

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Finance

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Assume you are about to graduate from college and take a job that is related to your field of study (no graduate school yet). Make an assumption about the initial salary you will receive and then assume you will save 10% of that initial annual gross salary for retirement making a deposit each year at the end of the year for the same amount. You have already decided you will work for 30 years (saving the same amount each year for retirement) and at the end of the 30 years happily retire with lots of "money in the bank" from your retirement savings effort. 1. How much money will you have in your account at the end of 30 years if you can earn 11.0% ? S. 2. If you average 6% on your investments, how much money will you have in your account at the end of 30 years? 3. Now that you have retired you expect to live 30 more years. If you can earn 4%, how much income will you have each month (use your total from \#1)? 4. If you preserve the principal of your account at retirement, how would you receive in monthly income if you earn 5%

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