You are trying to decide how much to save for retirement Assume you plan to save $$4,500$ per year with the first investment made one year from now. You think you can earn $12\%$ per year on your investments and you plan to retire in $44$ years, immediately after making your last $$4,500$ investment

a$.$ How much will you have in your retirement account on the day you retire?

b$.$ If$,$ instead of investing $$4,500$ 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 $19$ 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 $19$ th withdrawal $($assume your savings will continue to earn $12\%$ in retirement$)?$

d$.$ If$,$ instead, you decide to withdraw $$700,000$ per year in retirement $($again with the first withdrawal one year after retiring$),$ how many years will it take until you exhaust your savings?

e$.$ Assuming the most you can afford to save is $$900$ per year, but you want to retire with $$1,000,00000$ in your investment account, how high of a return do you need to earn on your investments?

a$.$ How much will you have in your retirement account on the day you retire?

The amount in the retirement account in $44$ years would be $ $($Round to the nearest cent$)$

b$.$ If$,$ instead of investing $$4,500$ 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 $$,($Round to the nearest cent$)$

c$.$ If you hope to live for $19$ 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 $19$ th withdrawal $($assume your savings will continue to earn $12\%$ in retirement$)?$

The amount you can withdraw every year in retirement is $ $($Round to the nearest cent$)$

d$.$ If$,$ instead, you decide to withdraw $$700,000$ per year in retirement $($again with the first withdrawal one year after retiring$),$ how many years will it take until you exhaust your savings?

You will exhaust your savings in years. $($Round to two decimal places$)$

$(1)$ Time Remaining: $01$:$39$:$18$