You calculate you will need $3,800,000 saved for retirement when you plan to retire in 40 years. You think you will earn an APR of 9% per year on your investments (ignore taxes) and currently have no savings. You want to save the same amount each month going forward (i.e. your monthly contribution to your retirement fund will always be the same), and you will save this amount at the end of each month. How much money do you need to save each month in order to reach your goal? solve step by step plssssss. Great news you met your goal from question 9 and saved exactly $3,800,000 for retirement. Now you plan to convert it to an annual annuity. You want the annuity to last for 30 years, and have been informed by the firm you are working with that they will offer a return of 7% when pricing this product. You further want to make sure you keep pace with inflation, so you want the annuity payment to grow at 3% per year. What is the base year payment to you that is consistent with these assumptions