Retirement Please show all the work process for best answer.
a. You need $50,000 a year in retirement. Assume you will live 30 years after retirement. At an 8% rate of return how much do y006Fu need to save to retire?
b. Assume your answer a, how much money would you need to save in a lump sum if you have 40yrs at a 8% rate?
c. Assume you need to accumulate $1,000,000. How much do you need to save each ye for 40yrs at a 8% rate?