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. 3115311 UOE IS 1'81]ng neXI 111011111. DRE 1185 b4UU,UUU 111 1181' 4UJ.[K) plan ElCCOlll'lI. Assume that Susan can earn 5% annually and that she

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. 3115311 UOE IS 1'81]ng neXI 111011111. DRE 1185 b4UU,UUU 111 1181' 4UJ.[K) plan ElCCOlll'lI. Assume that Susan can earn 5% annually and that she withdraws money at the beginning of each year. a. How much can Susan withdraw every year so that the savings will last 25 years? Show your work. b. Susan really wants to visit Europe. Assume that Susan spends $15,000 of her savings in the first month of retirement for a trip. How does this change your answer in a? c. Assume that at year 10, Susan's investments lose 10% of their value rather than earning 5%. Recalculate her withdrawal amount so that the money lasts the remainder of the 25 year Deriod

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