Netflix has recently offered you a retirement savings account. You decide to put together a plan for retirement to figure out how much you need to save each year. (Note that you don't need to know how retirement plans work with tax savings, this is purely a TVM comparison question). - You would like an annual retirement budget of $75,000 - You are 25 and would like to retire at 60 and expect to live to be 90 - You have no current savings for retirement - You don't expect Social Security to pay anything toward retirement - You expect annual investment returns of 7% and inflation to be 3.5% Questions: 1) What is your nominal interest rate and real interest rate on investments? 2) How much do you need to have saved up at the start of retirement to fund the rest of your retirement? (Your nest egg) 3) How much should you save on average per year to be ready for retirement? 4) Please turn your annual retirement savings goal into a SMART goal