A recent college graduate has taken a new job at Work LLC and since the company does not offer a traditional pension plan, she plans to take advantage of a tax-free investment account backed by a reputable financial institution that offers a guaranteed 8% annual return for as long as she lives. The graduate plans on working for 45 years before retiring and will save a fixed amount each year until retirement, starting at the end of this year and continuing for all 45 years of work. Once she is retired, she expects to be able to live on the equivalent of $30,000/year in today