Background Jenna is currently 20 years old and is planning for her retirement. She plans to retire at age 55 , and receive an annual benefit payment (pension) of $100,000 for the following 25 years, i.e., until she is 80. If she wants her contributions over the next 35 years to grow at a rate of 5% per year, what must her first contribution (occurring one year from today) be? Assume a constant interest rate of 8%. Multiple Choice 90,152 120,000 72,198 64,356 All other details required for solving this question are based on details provided in the previous question. Multiple Choice 10,567 3,456 8,654 2,675 Background Jenna is currently 20 years old and is planning for her retirement. She plans to retire at age 55 , and receive an annual benefit payment (pension) of $100,000 for the following 25 years, i.e., until she is 80. If she wants her contributions over the next 35 years to grow at a rate of 5% per year, what must her first contribution (occurring one year from today) be? Assume a constant interest rate of 8%. Multiple Choice 90,152 120,000 72,198 64,356 All other details required for solving this question are based on details provided in the previous question. Multiple Choice 10,567 3,456 8,654 2,675