You just turned 21 years old and want to retire when you turn 65. You expect to live for 25 years after retirement and want to withdraw $80,000 per year in retirement, starting on your 65^th birthday. You expect to earn a return of 4% on your investments every year.

A) What is the total present value (as of your 65^th birthday) of the withdrawals you expect to make in retirement?

B) You want to save a constant amount every year. How much money should you save each year if you make the first deposit now and the last one one year before you turn 65?