6) (retirements planning or pension planning)

Now you are 22 years old, you want to retire at the age of 65. you would like to have a $70,000 semi-annual payment until you are 103 years old. you inherited (gift) $60,000 at the age of 8 and $10,000 at the age of 48. please calculate how much you have to save biweekly to receive $70,000 semi-annually by the two of the following ways:

A) Biweekly payment without gift.

B) Biweekly payment with gift.