Jamie is30years old.Shehas a great work ethicand loves her job of caring for children. She plans to retire at age 70.Jamie's average monthly salary will be $6,000 throughout her career. She dutifully saves 10% in her 401k retirement plan which she assumes will earn a consistent rate of 11.5%.OnceJamieretires,shewishes to set aside a quarter ofhersavings for charity and a quarter forherchildrenwhich they will getuponherexpected death at age105 (old age runs in the family).During retirement,Jamiewill continue earning11.5% onhersavings.

1. How much willJamiehave at age70whenshe retires?
2. How much willJamieleave charity andherchildren?
3. What willJamie'smonthly retirement income be givenall ofthe above,assuming this isheronlyincome.