This annual figure from #3 ($16,509.66) is more than the Prof.’s
current annual contribution, which makes her feel a little anxious
about her future planned retirement. Also, Prof. Business’ annual
retirement account contribution is based on a percentage of her
salary and will increase as her salary increases. So, let’s re-plan
her retirement income. Let’s account for the fact that her and the
University’s contributions to Prof. Business’ University retirement
plan are based on a certain percentage of her salary...