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Shairy Corporation is offering you the following employment contract ( for your dream job as marketing accountant ) :Work for Shairy for the next 1

Shairy Corporation is offering you the following employment contract (for your dream job as marketing accountant):Work for Shairy for the next 10 years and receive a compensation of $100,000 per year for this period. However this pay is not all cash ! Rather, you obtain $60,000 cash per year (which you spend), and the remaining $40,000 are placed towards your retirement fund. You can access this fund upon your retirement in 20 years from today. The fund will pay you an annuity of $50,000 per year until it runs out of money.How many years will your retirement fund last if interest rates remain at 5% annually ?

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