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On your 6 0 th birthday, you withdraw $ 3 0 , 0 0 0 from your retirement saving account to pay for a vacation

On your 60th birthday, you withdraw $30,000 from your retirement saving account to pay for a vacation to Asia and use the remaining funds to buy an annuity that will pay you 3,000? month for 20 years with the first payment starting one month after your 60 th birthday. Assume you earn 4% compounded monthly the entire time. How much did you have in your retirement account on your 60th birthday?
A) $526,715.79
B) $525,065.57
C) $466,715.79
D) $1,137,001.34
E) $465,065.57
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