You are trying to decide how much to save for relirenent. Assume you plan to save $7,000 per year with the frst imestment made cne year trom now. You think you can eam 11,5% por year on your imesesments and you plan to retie in 32 years, inmediately afber making your last $7,000 invostment. a. How much will you hare in your retiement eccount on the day you retie? b. If, insload of inveting $7,000 per year, you wansed to make one lump-sum investment loday for your retrement that will result in the same retirement saving, haw much would that lump sum neod to be? c. If you hope to lwo for 18 years in retiroment, how much can you withdraw every year in retrement (itarting one yoar after retirement) so that you wil just exhaust your sivings with the 18 th withdrewal (assime your sevings will cortivue to esen 11.5% in rotirementi)? d. II, indead, you dacide to wehdraw $364,005 per year in retrement (agan with the fist whehdrawal one year anes rotring), how many years will it tako untl you oxhawat your aavings? (Use trial and-erro, a financial calculator solve Ito " N, or Excoli functon NPER) 6. Aswanng the most you can atord bs save is $1,400 per year, but you want bo retire with $1,000,000 in your investrsent account, how high of a rotum 0 you neod to eam an your inwostments? (Use tia-andenot a financial calculator: solve lor the inlerest rale, of Excol: funetion RATE) a. How much wal you have in youe retiement account on the diy you retire? The amsum is eserotrenent eosount in 32 yeare woeld be I (Hound to the nearest cont.)