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Homework: Lab 4 Score: 0 of 1 pt 14 of 15 (1 complete HW Score: 6.67%, 1 of 15 pt Problem 4-38 stion Help You
Homework: Lab 4 Score: 0 of 1 pt 14 of 15 (1 complete HW Score: 6.67%, 1 of 15 pt Problem 4-38 stion Help You have just tumed 22 years old, received your bachelor's degree and ocepted your first job. Now you must decide how much money to put into your retirement plan. The plan wonics as follows: Every dollar in the plan carne 6.9% per year You cannot make wedral until you retire on your birthday. Alter that, you can make withdrawals as you see it. You decide that you will plan toive to 100 and work until you tum 65. You estimate that to live comfortably in retirement, you will Teed $125.000 per year, staring at the end of the first year of retirement and ending on your 100 birthday. You will contribute the same amount to the plan at the end of every year that you work. How much do you need to contribute each year to fund your retirement? Your au contribution should be sound to the nearest cent) Enter your answer in the box and the Check Answer All parts showing 2 Clear esc 80 F 25 1: od ! 1 2 3 $ 4 % 5 6 7 8 1 0 9 N delete W E 90 R Y U { OP
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