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You are about to retire and you have $901,225.81 in your IRA (individual retirement account). Your plan is to withdraw an equal amount from your

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You are about to retire and you have $901,225.81 in your IRA (individual retirement account). Your plan is to withdraw an equal amount from your IRA at the end of each year for the next 25 years and then have nothing left. Assuming that your retirement funds can earn 6.25 percent per year over the next 25 years, what is the constant amount that you can withdraw each year in your retirement? a) $55,623.49 Ob) $69,671.76 c) $72,183.34 d) $86,351.53 3

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