Please solve #3 with the information given

earned an average salary of $58,910 per year their first year after graduation. Assume that is the salary that you will earn following graduation at your first job when you graduate. If you earn a 3% raise, what will your salary be your second year on the job? What will your salary be in your 5th year? In the second year, the salary will be $60,677.30 In your fifth year, your salary will be $66,303.72 2. If you start working when you are 20 years old, how much money what will your salary be when you are 65 (45 years later)? Your salary will be $216,285.25 when you are 65 3. According to financial planners, the average retiree requires approximately 70% of their last year's working salary (answer to #2) each year to live comfortably in retirement. Assume that you want to earn a fixed amount of interest each year in retirement. Your goal is to spend only the interest and still live comfortably. And, you want to earn the interest forever so that what remains can be passed onto your children, donated your favorite charity, or donated in honor of your favorite finance professor. That is, you want to earn a fixed amount, each year, for an indefinite amount of time. If you retire at 65 and can earn a 6% return, how much must you have saved to earn the required amount of interest? 70% of $216,285.25 * .7 = $151,399.68