You are 40 years old and want to retire at age 65. Each year, stating one year from now, you will deposit an equal amount into a savings account that pays 7% interest. The last deposit will be on your 65th birthday you will switch the accumulated savings into a safer bank account that pays only 43% interest. You will withdraw your annual income of $100, 000 at the end of that year (on your 66th birthday) and each subsequent your until your 95th birthday. On that birthday you want to give $550, 000 to your children. How much do you have to save each year to make this retirement plan happen? How much do you have to save per year during your working years in order to achieve your retirement goal