7. (15 points) When you retire at age 65, you plan to move all the money you've saved (1,220,241.88) into a payout annuity that earns 5% interest. You want to take out money monthly for 20 years. a. How much can you withdraw each month? b. What is the total amount of money you will withdraw? C. Considering the entire life of this investment (the savings and the payout annuities), how much interest will you earn