Alice has just graduated and found a decent job.She just turned 22 right now.Based on her current salary and expenses,she could save $1000 per year.So, she will her first savings one year from now, $1000.She expect to earn a steady 8 percent return on her investments.She also expects that she could increase her savings 5 percent per year.How muchmoney she will have when she just turned 60 years old?Assume, she contributes her savings to this fund in her birthday once a year.