Larry plans to withdraw $148,500 each year from his retirement account for a 27-year period. The account earns 10.5% annual interest. How much does Larry need to have in the account at the beginning of his retirement, in order to allow these withdrawals?

Group of answer choices

$158,521.78

$505,288.05

$19,542,209.92

$1,318,840.17

Please answer using an Excel formula