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Finally, assume you currently have $200,000 that you are ready to invest for retirement. In addition,...

Finally, assume you currently have $200,000 that you are ready to invest for retirement. In addition, you plan to save

  • $6,000 per year at the end of each year for years 1-9
  • $25,000 at the end of year 10
  • $9,000 per year at the end of each year for years 11-22
  • Assuming you earn 8% as an annual rate of return, how much will you have 22 years from today when you retire?

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