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Cong a financial calculator, a ar recording of your work space prior me that your final preparations of your workspace after the exam room workspace

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Cong a financial calculator, a ar recording of your work space prior me that your final preparations of your workspace after the exam room workspace recording, Question 25 Newt Today is your retirement day and your birthday, You turn 64 years old today. You have left your office on your last day of wed have made your last retirement savings deposit via automatic payroll deduction. You plan to stop by your vetirement dinerother on your way home so that you can make your first retirement account withdrawal to fund your next year's living experses. You would the 10 invest your retirement savings so that it earns 3.7 percent per year. You would like your withdrawals to pow 21.5 percent per year in order to help with future cost of living increases. You would also like to be able to make withdrawah urtl your birthday-chutte withdrawal on your 85 birthday leaves your retirement account balance at zero. You want your initial withdrawal out rate model in equal $144,000 dollars. Solve for the required retirement savings account balance necessary to fund all of your withdrawals including the tre made today under the above assumptions. Provide your answer to the nearest dollar in other words, if your answer is the million dollars, then input 1,000,000 or 1000000). MacBook Air A

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