solved:You just had your 35th birthday today, and you plan to reti

  

You just had your 35th birthday today, and you plan to retire in 30years when you turn 65. you expect ot save $55,000 per year for retiremnt the first deposit to be made one year from today. You will invest in a mutual fund that’s excpted to provide a return of 7.5% per year. You expects to live for 25 years after retirement, to age 90. How much can you spend each after retirement if you first withdrawl will be made at the end of your first retirement year?AccountingBusinessFinancial Accounting FINANCE 311