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Thank you!!!!!!!!!! You are trying to calculate how much money you should have at retirement. On your 59th birthday you will retire and immediately make

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Thank you!!!!!!!!!!

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You are trying to calculate how much money you should have at retirement. On your 59th birthday you will retire and immediately make your rst withdrawal of $3,846.15. You plan to make 26 such withdrawals each year. You plan to continue Withdrawing at that level and frequency until you are 77 years old. (Assume beginning of period withdrawals with the rst Withdrawal on your retirement date and no withdrawal on your nal birthday) During retirement your savings will earn only 3.8% per annum. How much do you have to have saved at retirement to fund these planned Withdrawals? How much do you have to have saved at retirement to fund these planned withdrawals? $ (Round to the nearest cent.)

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