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QUICK! Currently, Ally Gator has saved $15,000 in her retirement account. Ally plans on saving $6000 annually for next 35 years and she assumes that

QUICK!

Currently, Ally Gator has saved $15,000 in her retirement account. Ally plans on saving $6000 annually for next 35 years and she assumes that she will earn 7% annually up until she retires. Ally is afraid that she will run out of money during her retirement so she plans on applying the principles of a perpetual annuity to her retirement savings. If Ally plans to earn 6% annually during her retirement years, how much will she be able to withdraw annually forever?

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