you are planning to retire and have accumulated $2000000 in a retirement account. you expect to live for 25 more years and want to withdraw an annual amount to maintain constant purchasing power. Specifically, after your first withdrawal is made at the end of the next year, all your subsequent withdrawals will increase at a rate of 3% per year to account for inflation. if you earn 5% per year compounded monthly on your investments in the retirement account, how much can you withdraw at the end of the first year without running out of money