Question 11 (2 points) Adjusted Drill Problem Imagine that you saved $500,000 by the time you retire at age 65 and want to receive $48,000 a year for living expenses for the next 14 years. If your money earns 4% compounded annually, how much would you have to deposit into the account when you start retirement? 1) $6,320.00 2) $7,028.80 3) nothing, you have more than enough in this account when you retire 4) some other amount