6. You plan on retiring in 40 years and want to be able to spend $100000 per year for 30 years in retirement. You also wish to make a large donation to Seattle University upon your death of $2,000,000 to fund a scholarship for first generation college students. a. If you can invest annually at 8% prior to retirement and can earn 4% on your investments after retirement, how much do you need to save annually to reach your goal if you start at the end of this year? 30 % 100,000 - 3,000,00 oo 5. ) = $ 419,300.80 5.ooboo Put (L-*+14.500.55 ooboo - PMT 3 100,000 or + 2,000,000 PUT = 172,9203 +616637 55,32 2,345,8to pu=107781.22 b. If you wait for 20 years to start saving, how much will you have to save annually to reach your goal? 09 5.000000 = PMT | I - Legia) w $509,261, ot PV = 50,3295.76 PUT = $51,261.78