could you show your work for this one?

Problems to Work Out and Show Work For the following problems, identify your inputs, or what/how you are calculating. You do not have to show every single step and subtotal, but you must show enough of what you are doing so that the grader can understand how you got to your answer. Be sure to identify your final answer. Failure to describe or show your work will result in you receiving no credit on these problems. Question 21 (8 points) You are planning to retire 25 years from today. You want to be able to withdraw $60,000 per year for 20 years of retirement, with each withdrawal being taken at the beginning of each year. You have already accumulated savings of $90,000 as of today (t-0). You will leave that $90,000 invested for the next 25 years and allow it to grow. How much additional money do you need to save each year (in equal annual amounts) for the next 25 years, to exactly fund the desired retirement withdrawals. All new savings deposits will occur at the end of each year, and you will earn 6.2% per year during the entire savings and withdrawal time on all of your funds. Show/describe your work. What were inputs, what you solved for, etc. Question 21 (8 points) You are planning to retire 25 years from today. You want to be able to withdraw $60,000 per year for 20 years of retirement, with each withdrawal being taken at the beginning of each year. You have already accumulated savings of $90,000 as of today (t-0). You will leave that $90,000 invested for the next 25 years and allow it to grow. How much additional money do you need to save each year (in equal annual amounts) for the next 25 years, to exactly fund the desired retirement withdrawals. All new savings deposits will occur at the end of each year, and you will earn 6.2% per year during the entire savings and withdrawal time on all of your funds. Show/describe your work. What were inputs, what you solved for, etc. Paragraph B I UA E E 5 00 +x 30