You just turned $24$ years old and want to retire when you turn $65.$ You expect to

live for $25$ years after retirement and want to withdraw $$100,000$ per year in

retirement, starting on your ${65}^{th}$ birthday.

You expect to earn a return of $5\%$ on your investments every year.

Part $1$

Attempt $\frac{3}{10}$ for $1$ pts$.$

How much money should you save each year if you make the first deposit now

and the last one the year before you turn $65?$