You are celebrating your birthday and also thinking about starting saving for your anticipated retirement in 40 years. You have collected the following information about retirement and retirement spending goals: Years until retirement 40 Amount to withdraw in retirement $100,000 Years to withdraw in retirement 20 Interest rate 8% Because you are planning ahead, the first withdrawal will not take place until one year after you retire. You also want to make equal deposit into your account for your retirement fund. a. Please quantify dollar amount of your retirement goal you would like to achieve when you retire. b. If you start making deposit in one year and make your last deposit on the day you retire, what amount must you deposit annually to be able to make the desired withdrawals at retirement. c. Suppose your employer will contribute to the account each year as part of the companys profit-sharing plan. Given the following information, what amount you must deposit annually now to be able to make the desired withdrawal at retirement? Employers annual contribution $2,000 Years of employers contribution 40