Finally, assume you currently have $200,000 that you are ready to invest for retirement. In addition, you plan to save

• $6,000 per year at the end of each year for years 1-9
• $25,000 at the end of year 10
• $9,000 per year at the end of each year for years 11-22
• Assuming you earn 8% as an annual rate of return, how much will you have 22 years from today when you retire?