MILLI Judlus QUESTION 1 Suppose that you are going to retire 10 years from now. It is expected that the cost of living will be SR10,000 in the first year of retirement (ie.. year 11) and then it will increase at a rate of 2% per year for the subsequent 19 years (ie.. year 12 to year 30). How much should you deposit now in your savings account with a 9% interest rate compounded annually to cover your expenses during your 20 years of retirement (i.e. years 11 to 30)? (select the closest answer) SR 28684 SR 25693 SR 48347 SR 23006 SR 44345