You have just turned 22 years old, received your bachelor's degree, and accepted your first...
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You have just turned 22 years old, received your bachelor's degree, and accepted your first job. Now you must decide how much mone the plan earns 7.1% per year. You cannot make withdrawals until you retire on your 65 th birthday. After that, you can make withdrawals turn 65. You estimate that to live comfortably in retirement, you will need $100,000 per year, starting at the end of the first year of retire 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
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