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Haya is planning for her retirement. She plans to work for 35 years and is...

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Finance

Haya is planning for her retirement. She plans to work for 35 years and is planning for 25 years of retirement. During retirement, she wants to withdraw $60,000 per year and leave $800,000 to her estate when she passes in 25 years. She can invest at 4% per year during retirement.
How much must she have saved each year if she can invest at 5% per year during her saving horizon? (Assume all investments or withdrawals are made at the end of the year)?

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