• Calculate how much has to be in your account before the first withdrawal at age 64. (2 points)
• Calculate how much would have to save annually between now and age 63 in order to finance your retirement
Make the following assumptions
• Assume that the relevant compounded interest rate is9 percent for all 69 years.
• You make the first payment today and the last payment on the day you turn 63.
• You make the first withdrawal when you turn 64 and the last withdrawal when you turn 91.