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(TVM) Sam retires today at the age of 58 and invests his life savings into an account that is guaranteed to earn 4.99% per year.

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(TVM) Sam retires today at the age of 58 and invests his life savings into an account that is guaranteed to earn 4.99% per year. Sam expects to live to the age of 89, withdraw 50,109min from the account at the end of each year, and leave his heirs $1.063min (this amount will be the account balance at the time of his death). How much Is Sam putting in the account today, in $ millon? Round to the nearest $0.001 million, E.B. If your answer is $1.234,758, record it as 1.235

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