1. An individual will save $10,000 per year beginning at age 20 . He can invest the funds at 5% compounded annually. . How much cash would he have at age 60 ? U=$1,207,997 (3) Based on your response to question a, what amount can he spend per year from age 6080 to (3) If he wishes to receive 150,000 per year during retirement, what rate of return must he earn on unds in part a to avoid running out of funds. (4)