Question 1 ( 1 point) Sam has just inherited $291,000 which he would like to use as part of his retirement nest egg. Sam has decided that he wants to retire 7 years from now at age sixty. He would like to know how much of his other funds need be set aside at the age of 60 , with his $291,000 inheritance in order to reach his goal of a $75,000 annuity from age sixty for 11 years (until the year he reaches age 701/2 ). Sam assumes the funds can continue to carn at a 6.1 percent annual rate compounded annually. Calculate the answer to two decimal places. Your