Today, you are retiring. You have a total of $$289,416$ in your retirement savings.

You want to withdraw $$2,500$ at the beginning of every month, starting today and expect to earn $4\mathrm{.}6$ percent compounded monthly. How long will it be until you run out of money?

Multiple Choice

$29\mathrm{.}97$ years

$8\mathrm{.}56$ years

$22\mathrm{.}03$ years

$12\mathrm{.}71$ years

$18\mathrm{.}99$ years