The benefits administrator at your new job is asking you how much money you would like to set aside every two weeks (each pay period) in your 401k retirement plan. You think this over and decide that you would like to retire exactly 35 years from today with a pension of $11,000 per month forever after that.

Assuming:

(i) the opportunity cost for money (all time-value-of-money calculations) is 6.5% APY, (ii) you will live forever, (iii) you currently have an accumulated balance of $60,000 in your 401k plan, (iv) your first payment is two weeks from today, and (v) your first pension check will come two weeks after the day you retire (and get your last regular paycheck).

How much must you save every two weeks until you retire?

	a.	$161.40
	b.	$289.33
	c.	$342.57
	d.	$366.76
	e.	$416.29
	f.	$417.75
	g.	$433.48
	h.	$434.98
	i.	$447.28
	j.	$448.77
	k.	$452.86
	l.	$465.28
	m.	$466.80
	n.	$468.58
	o.	$471.53
	p.	$504.10
	q.	$505.89
	r.	$521.76
	s.	$523.32
	t.	$565.37
	u.	$594.83
	v.	$635.15
	w.	$698.03
	x.	$704.28
	y.	$715.83
	z.	$729.00
	aa.	$747.20
	ab.	$750.77
	ac.	$776.31
	ad.	$792.38
	ae.	$793.90
	af.	$795.68
	ag.	$831.99
	ah.	$846.27
	ai.	$875.67
	aj.	$888.88
	ak.	none of the above