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Starting next year, you will withdraw $55,000 each year from an account. This account earns 12% compounded quarterly. How much must you have in your

Starting next year, you will withdraw $55,000 each year from an account. This account earns 12% compounded quarterly. How much must you have in your account today to make sure you have enough money to cover your needs for the next 5 years?

Please use either pv or fv annuity formula to solve this problem.

The answer I got is 818261.12

I want to see if this is correct or not, thank you!

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