Problem 4. You would like to have enough money saved to receive S200,000 per year after retirement so that you and your family can lead a good life for 30 years (from age 65 to 95). You will make your first withdraw of $200,000 at the end of year when you are 65 If you will be 35 years old when you graduate and plan on making savings contributions at the end of your first year out of school, how much would you need to save in your post-MBA retirement fund to achieve this goal? Assume an interest rate is 8%. (See template below, chap5 Alt#5) Template for Problem 4 Most numbers omitted and showing a (wrong) solution of $10,000 per year 1 Interest rate 2 Payment at end of year 10,000 at beginning of year Total saved Additional Withdrawal savings at end of year at end of Net savings 35 36 37 10,000 10,000 20,800 20,800 41 42 63 10,000200,000 35 65 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 -200,000 67 92 93 95