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2. You currently have $1 million in your bank account earning 10% interest per year compounded annually. To the nearest dollar, how much can you

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2. You currently have $1 million in your bank account earning 10% interest per year compounded annually. To the nearest dollar, how much can you withdrawal from this account each year to have a zero balance left in the account after the 20th withdraw? Assume that the first withdrawal will be made today (at t-0) and all withdrawal amounts are equal. a) $106,781 b) $117,460 c) $ 50,000 d) $109.754 e) $55,000

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