a. If your current salary is $50,000 per year, what will your salary be 40 years from now if the annual inflation rate is 3%, assuming you receive salary increases equal to the inflation rate? Assuming a 3% inflation rate and 8% interest rate, how much do you need to have saved at retirement to receive that real $50,000 in 2019 dollars, if you plan to live for another 25 years? (Hint A is equal to the amount (answer) in problem 8a.) Deflate your answer to 8b back to period O using a 3% inflation rate. d. How much do you need to save per year for the 40 years before retirement to accumulate the amount needed for retirement? Assume 3% inflation, an 8% interest rate, and that you want to save a constant real amount. (Hint use your answer to 8c as the Future Value). What should your savings rate equal