Instructions show Michael has just turned 25 and has a job that pays $45,000 ts year. He has decided to invest 10% of his salary each year, starting at the end of the upcoming year, until he retires at age 55 . - When Michael retires, he wants to provide himself with an income of $50,000 a year until he reaches his expected death at age 80 . The first amount will be withdrawn at the end of his 55 th year, and the last amount will be withdrawn at the end of his 80 th year. - Michael wants to buy a cottage for $100,000 out of his savings when he turns 40 (15 years from today). Any money left over and future savings will go toward his retirement. He expects that he will earn 8%, compounded annually, on any investments he makes between now and age 80 . Required: Will Michael's money last to age 80 once he retires and starts drawing it out? If not, how long will his money last