Question 16 2 points How Did I Do? We have seen before that money deposited into an account with continuous interest follows the A Pert formula. However, this required strict conditions that the money cannot be = withdrawn or added to throughout the term of the investment. A more complicated model that allows for deposits/withdraws is: A (t) = (P + Kert K where K is the constant amount deposited (K>0) or withdrawn (K <0) each year. Problem: You just retired to find your retirement savings account has reached $1,000,000. The savings account has a rate of 1.7 % compounded continuously. Your lifestyle requires you to live off $95,000 each year to be comfortable. (A) How long will your retirement savings account last? (note: your K value should be negative because it is "withdrawn" from the principal balance) Number years. (round to the nearest whole number) (B) If at retirement age you are 65 years old, how old will you be when the money runs out? Number years old (round to the nearest whole number)