You have just started on the job market and you should save in order to achieve your two main objectives. The first is to retire at age 55, in exactly 30 years. You hope to live at least 30 years as a retiree and contribute $50,000 at the start of each year of retirement. Your second goal is to acquire a new car in exactly four years at a cost of $22,000. You expect to save $400 at the end of each month for the first 10 years of work and nothing thereafter. The 3 specialists predict a nominal interest rate of 12% compounded monthly for the next 20 years and an effective interest rate of 13% thereafter. Will your savings be enough for you to reach your goals?