You are r ng o decide how, much o save or retirement. Assume you plan o save $4 00 per year with the st investment made one ear rom now. You hink ou an earn 110% per earon your investments and you plan to retire in 26 years, immediately after making your last $4,000 investment. a. How much will you have in your retirement account on the day you retire? b. If, instead of investing $4,000 per year, you wanted to make one lump-sum investment today for your retirement that will result in the same retirement saving, how much would that lump sum need to be? c. If you hope to live for 26 years in retirement, how much can you withdraw every year in retirement (starting one year after retirement) so that you will just exhaust your savings with the 26th d. If, instead, you decide to withdraw $102,000 per year in retirement (again with the first withdrawal one year after retiring), how many years will t take until you exhaust your savings? (Use trial-and-error, a financial calculator: solve for "N", or Excel:function NPER) e. Assuming the most you can afford to save is $800 per year, but you want to retire with $1,000,000 in your investment account, how high of a return do you need to earn on your investments? (Us trial-and-error, a financial calculator: solve for the interest rate, or Excel: function RATE) b. If, instead of investing $4,000 per year, you wanted to make one lump-sum investment today for your retirement that will result in the same retirement saving, how much would that lump sum need to be? You will need to make one lump sum investment today of $ 33,952.23. (Round to the nearest cent.) c. If you hope to live for 26 years in retirement, how much can you withdraw every year in retirement (starting one year after retirement) so that you will just exhaust your savings with the 26th withdrawal (assume your savings will continue to earn 11.0% in retirement)? The amount you can withdraw every year in retirement is $60,319.46. (Round to the nearest cent.)