e) Your 75-year-old grandmother expects to live for another 15 years. She curr ently has $1,000,000 of savings, which is invested to earn a guaranteed 5% rate of return. If inflation averages 2% per year, how much can she withdra w (to the nearest dollar) at the beginning of each year and keep the withdra wals constant in real terms, i.e., growing at the same rate as inflation and t hus enabling her to maintain a constant standard of living? (10 marks)