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Today, you are retiring. You have a total of $289,416 in your retirement savings. You want to withdraw $2,500 at the last day of every

Today, you are retiring. You have a total of $289,416 in your retirement savings. You want to withdraw $2,500 at the last day of every month, starting today and expect to earn 4.6%, compounded monthly. How long will it be until you run out of money?

PV 289,416
PMT 2,500
Nominal Interest Rate 4.60%
Monthly Interest Rate 0.383%

Please Use excel and show all of your work!

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