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You just turned 21 years old and want to retire when...

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Accounting

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You just turned 21 years old and want to retire when you turn 65 . You expect to live for 25 years after retirement and want to withdraw $50,000 per year in retirement, starting on your 65th birthday. You expect to earn a return of 4% on your investments every year. Part 1 (w) Attempt 2/3 for 9.5 pts. How much money should you save each year if you make the first deposit now and the last one one year before you turn 65

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