1- A CE graduate begins working when she turns 25 at an annual salary of $62,000. She is promised raises of 3.5% per year every year. She palns to set aside 10% of her annul salary into a retirement plan (i.e., her first retirement set aside amount is $62,000x0.1=$6,200, the 2^nd is $62,000x1.035x0.1=$6,417 and so on). She plans to work till her 60^th birthday. How much she would have accumulated at retirement assuming that her retirement account makes an average annual ineterst of 2.5% per year (ignore inflation).

2- What is the annual pension she can afford drawing from this retirement account, starting on her 61^st birthday, assuming she will live to turn 85?