Austin just received a promotion and plans to start saving more for retirement. She plans to invest $5,000 every year into an IRA account , beginning at the end of the year. How much will be in her IRA when she retires in 40 years if she earns 8% annually? Round your answer to the nearest whole number and no commas. Answer: Michael is planning to buy a house in six years and wants to have $45,000 for a down payment. He can earn 5% on his savings and wants to set aside a constant amount each year for the next six years, beginning in one year. How much will Michael have to save each year? Round to the nearest whole number and no commas