Erica wants to plan for her retirement. She is currently 35 years old and plans to retire atage 65 and live for another 30 years. Erica's current salary is $100.000, but she thinks herwage replacement ratio will be 70% during retirement and that Social Security willprovide $20,000 of income (annually) during retirement. She believes she can earn a 9%return on her investments and that inflation will be 4%. How much must she save at thebeginning of each year, to meet her retirement goal?