1. Estimate Nest Egg: Assuming a 3% Interest rate, use the Payout Annulty formula to determine your required nest egg (amount needed at retirement) to be able to withdraw $2500/month for 20 years. 37,200 II. Calculate Investment Requirements: You have 40 years until you can retire and have found an annuity paying 3% per month. How much will you need to deposit each month for the next 40 years to have your required nest egg (part I above)? 1,609.23 III. Interest: Determine the amount of your nest egg that is earned interest. 562,800 IV. Cost of postponing: a) If you decided to put off investing for 10 years, how much would you have after 30 years of investing, assuming you made the same investment calculated in part II?