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14. Sam and Julie Trunk both just turned 40. Till now he has no savings and wants to retire at age 65. Sam and his

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14. Sam and Julie Trunk both just turned 40. Till now he has no savings and wants to retire at age 65. Sam and his wife Julie want to draw $5,000 at the end of each month for the expected 30 years in retirement. How much should Sam and Julie save at the end of each month for the next 25 years to meet their retirement goal? Time value of money is 6.00% APR. Show all your work. 14. Sam and Julie Trunk both just turned 40. Till now he has no savings and wants to retire at age 65. Sam and his wife Julie want to draw $5,000 at the end of each month for the expected 30 years in retirement. How much should Sam and Julie save at the end of each month for the next 25 years to meet their retirement goal? Time value of money is 6.00% APR. Show all your work

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