QUESTION 14 There are 40 years until you retire. In retirement, you expect to live for thirty more years and anticipate spending $100,000 per year to support yourself. The fund that you will use for all of your investments will return 5.23% per year. You will use this fund as you save for retirement and will use the same fund to hold your savings during retirement. How much do you need to invest per year over the next 40 years achieve your retirement objective? Assume that investments and withdrawals occur at the end of each year. You will retire on the day that you make your last payment (year 40) and first withdrawal will be at the end of the subsequent year