Q2.17: Jacob is retiring soon and has saved $1,200,000 in his employer-sponsored retirement account. He would like to make his own pension for $6,000 a month in income. How would he compute when he would run out of money, if his average annual return on his balanced portfolio has been 4 percent? PV = 0, FV = 1,200,000, 1 = 4, PMT = 6,000 B PV = -1,200,000, FV = 0, 1 = 4, PMT = 6,000 CPV = -6,000, FV = 1,200,000, 1 = 4, PMT=0 PV = -6,000, FV = 0,1 = 4, PMT= 0