SAVING FOR RETIREMENT You are currently 42 years old and you intend to retire at age 60. You are planning to start a retirement account. At the beggining of each of your year's work, you intend to make a deposit into the retirement account. You think that the account will earn 8% per year. After retirement at age 60 you expect to live 23 more years. At the beggining of each of these years you intend to withdraw 80,000 dollars from your retirement account. Your account balances will continue to earn 8%. How much should you deposit annually into the account? Use 2 alternative methods Year Age Total, Payment at Withdrawal at beginning of beginning of beginning of year year year Total end of year