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Jack has just started his first job and is planning to save $ 1 0 0 0 a year for the first 6 years. He

Jack has just started his first job and is planning to save $1000 a year for the first 6 years. He already has $6,000 in his account. The rate is 3%.
Then he plans to secure a good career for the next 30 years and will save more during this prime-time. The rate projected during this time is 5%.
After that he will retire and will need $50,000 a year for 40 more years of retirement. The rate is expected to be 4%.
How much should Jack save during his prime-timeto meet his retirement target?

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