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solve and draw timeline QUESTION 4 (Quantitative Question) You have list turned...

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Finance

solve and draw timeline image
QUESTION 4 (Quantitative Question) You have list turned 22 years oldhave just received your bachelor's degree and have accepted your first job. Now you must decide how much money to put into your retirement plan. The plan works as follows: Every dollar in the plan earns 6.5$ per year. You cannot make withdrawals until you retire on your sixty fifth birthday. After that point, you can make withdrawals as you see fit. You believe that you will live to 100 and work until you turn 65. You estimate that to live comfortably in retirement, you will need $95.000 per year, starting at the end of the first year of retirement and ending on your one hundredth birthday. You will contribute the same amount to the plan at the end of every year that you work. How much do you need to contribute each year to fund your retirement? (Round to 2 decimal places) Write your answer both in the spaces above and on the empty pages on which you will show your work for each part including timelines)

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