A. Let's assume that you actually listened to me when I was discussing the time value of money and you started saving 88,000 per year (16% of $50,000 starting salary) at the end of each year (ordinary annuity) from age 21 until you retired in 40 years (say age 61). What would be the amount of money you would have when you began retirement at 612 Assume that you make an average of 9% return on your investment Show your work / calculations for credit. B. Given that the answer to question #1 is a pretty big number, determine how much you would have in today's dollars - adjust the ending (age 61) value back to today's value at the rate of inflation (assume inflation is 2.5%). How much would you have today? Show your work/ calculations for credit. C. How much could you withdraw each year when you retire (ages 61 to 85 - 25 years) assume you will be earning 9%? Answer: S How much could you withdraw cach month (@bove answer/12)? Answer: S Can you live on this? What is the total amount of payments you would have withdrawn over the 25 years (ages 61 to 85)? Answer: What is the total amount you put in over the 40 years (ages 21 to 61)? Answer: Is there a very big difference between what you put in and what you get out? Show your calculations for all the above questions for credit. D. The answer in #3 will be future values, how much are those values in today's dollars? (Age 21 to 45)? That is, how much in today's dollars could you withdraw ever year for 25 years assuming you are earning 9%? Answer: $ How much could you withdraw every month (above answer / 12)? Answer: S I Show your calculations for credit. Can you live on this