You have plans to visit Africa in a safari after retirement. The whole safari cost today is $40,000, but inflation rate is expected to be 2%. You age to retire is 55 years and you are 36 years old. 3 years ago, you started savings, depositing 5,000 in a savings account that pay 4%. Also, you planned to deposit all your next Christmas bonuses ($1,500) in a money market accounts that pay 6%. Unfortunately, 4 years before retirement health issues required you to withdraw $4,000 from your savings account.

How much funds do you have for the safari immediately after retirement?

Is that amount enough to cover the safari costs? Show computations