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Problem 48 Intro You just turned 23 years old and want to retire when you turn 65. You expect to live for 25 years after

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Problem 48 Intro You just turned 23 years old and want to retire when you turn 65. You expect to live for 25 years after retirement and want to withdraw $60,000 per year in retirement, starting on your 65th birthday. You expect to earn a return of 4% on your investments every year. BAttempt 3/10 for 10 pts Part 1 What is the present value (as of your 65th birthday) of the withdrawals you expect to make? No decimals Submit IBAttempt 2/10 for 10 pts Part 2 How much money should you save each year if you make the first deposit now and the last one one year before you turn 65? No decimals

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