1. Your client turned 35 today and has asked you to help plan for retirement beginning at age 65. The client's goal is to fund a 25 year retirement at the inflation-adjusted equivalent of his current salary of 80000 per year to be paid at the beginning of each year. Inflation during the 25 year retirement is estimated at 3% and you are recommending an investment account which a. How much must your client have invested in the retirement account on his 65th birthday to fund

a. How much must your client have invested in the retirement account on his 65th birthday to fund it? (2.0)

Age 35

retire 65

current salary 80,000

inflation 3%

Retirement 25

Salary equiv --

Rate 8%

real rate --

b. What amount must your client invest at the end of each of the next 30 years to meet this goal? )1.0)