Emelia Vanderpuye retired this morning and has $1.5 million in her retirement account. She expects to live thirty years in retirement and plans to leave $1 million to her children and grandchildren. What is the maximum monthly withdrawal she can make from her retirement account if she expects to earn 6 percent per year on the account? The first withdrawal will take place one month from today.

Group of answer choices $7,997.75 $5,842.50 $6,955.93 $8,799.06