Question: In planning for your retirement, you would like to withdraw $40,000 per year for 15 years. The first withdrawal will occur 20 years from today.
a. What amount must you invest today if your return is 10% per year?
b. What amount must you invest today if your return is 15% per year?
The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.