Diana plans to withdraw $125,000 per year from her retirement fund. She plans to make withdrawals for 20 years. Diana assumes that at the end of the 20 years, her account will be depleted. Assuming her retirement fund earns 5.5% per year, how much will she need to start with (what should the balance be in her retirement fund on her retirement date), in order to allow the 20 withdrawals of $125,000?

Group of answer choices

$1,493,797

$2,500,000

$131,875

$1,050,011