1. (3 Points) You are saving for retirement and want to know what percentage of ye current salary you should save in order to have 70% of your current salary in retirement assume your salary will remain constant in real terms and you will live 25 years in retirer in the following table. (For example, with a 3.5% real interest rate and 35 years to retire you will need to save 17.3% of your current salary.) Hint: Assume your current salary is $10,000/year and you will need $7,000/year in retirement. Show your work. Real interest rate Years to Retirement 15 25 35 4.5%