Assume the following:

a.Constant rate of return on your investment, both before and during retirement, is 5.8%

b.Each year you will deposit/invest an equal amount for retirement.

c.The first deposit will be on your 23^rdbirthday

d.The last deposit will be made on your 65^thbirthday

e.Each year during retirement you will withdraw $129,805 to live on during the year (this is equivalent to $60,000 in today's dollars).

f.Your first withdraw will be on your 65^thbirthday (the same day you make your last deposit)

g.Your last withdrawal will be on your 91^stbirthday.After this withdrawal, there should be $0 remaining in your investment account.

h.You plan to live one more year and die on your 92^ndbirthday.Hopefully you will, because you have no money (otherwise, you'd have to move in with your children).

Beginning on your 23^rdbirthday, how much must you save annually to achieve your financial goal?Solve manually with your calculator.