23 years old, makes $14 per hour (8hour), works for 5 days a week. Please use this indormation for the following questions.

How much will your annual salary be at approximately age 65? Assume no raises other than cost of living (inflation) and inflation is 3%. Question 5 (1 point) How much is 80% of this salary in the future? (Question 4 x 0.80) Question 6 (1 point) Calculate the amount you need at age 65 to retire to receive 80% of Age 65 Salary (what we find for Question 5) at the end of each year for 20 years. You will invest this amount at 4% interest and leave no inheritance. (At Age 65, how much money do you need to receive 80% of your salary for the next 20 years starting at age 662)