Assume that you are 30 years old today, and that you are planning on retirement at age 65. To save for your retirement, you plan on making annual contributions to a retirement account (total 35 contributions). Your first contribution of $7,000 will be made in one year and you will decrease your contributions by 4.00% each year until you reach age 65. If you can earn 10.00% on your savings, how much will you have saved at retirement when you are 65 years old? $1,150,390 $1,445,531 $1,281,142 $1,393,142 $2,818,241