Suppose that you wish to save enough to fund $4,500 per month(in today's purchasing power) for 30 years of retirement. The fundyou invest in during your working (or saving) years is expected toearn interest at 6% AR. At retirement, you will move yourretirement funds into a less risky investment earning 4% AR. If youare 35 years from retirement, find the level of monthly savings (incurrent dollars) that will be required.
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