1. Currently you are 21 years old. In one year, you will start saving US$4,000/year until you are 45. The interest rate is 5% APR (monthly). (a) What is the equivalent EAR? (1 point) (b) How much money will you have at 45? (1 point) (c) What is the present value of these cash flows? (1 point) (d) If at 46 you start withdrawing $60,000 a year. How many years will you be able to live off of your savings? (2 points)