Billy plans to work for 45 years. He also plans to spend $250,000 per year during his 40 years of retirement. If Billy gets paid every other week, how much of each paycheck does he need to save, in...

Extracted text: Billy plans to work for 45 years. He also plans to spend $250,000 per year during his 40 years of retirement. If Billy gets paid every other week, how much of each paycheck does he need to save, in order to live this lifestyle during retirement? Assume his retirement account earns an APR of 10% compounded monthly and that he will have no money left after 40 years of retirement.