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Donald has nothing in his retirement account. However, he plans to save $8,300 per year in his retirement account for each of the next 14

Donald has nothing in his retirement account. However, he plans to save $8,300 per year in his retirement account for each of the next 14 years. His first contribution to his retirement account is expected in 1 year. Donald expects to earn 9% per year in his retirement account. Donald plans to retire in 14 years, immediately after making his last $8,300 contribution to his retirement account. In retirement, Donald plans to withdraw $54,000 per year for as long as he can. How many payments of $54,000 can Donald expect to receive in retirement if he receives annual payments of $54,000 in retirement and his first payment is received exactly 1 year after he retires?

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