Arizona State University FIN FIN MISC You are planning to work for the next 42 years (years 1 – 42) and expect to live in retirement for 30 years after you retire (years 43-72). You
42) and expect to live in retirement for 30 years after you retire (years 43-72). You believe that you will need $225,000 per year during your retirement. How much will you need to save each year for the 42 years you are working to meet this goal? Assume that the interest rate is 8%. [see the tutorial on Problems with 2 Annuities.]
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