You are planning your retirement in $10$ years. You currently have $$165,000$ in a

account and $$605,000$ in a stock account. You plan to add $$7,500$ per year at the e

each of the next $10$ years to your bond account. The stock account will earn a retu

$10\mathrm{.}75$ percent and the bond account will earn a return of $7\mathrm{.}25$ percent. When you $r$

you plan to withdraw an equal amount for each of the next $25$ years at the end of

year and have nothing left. Additionally, when you retire you will transfer your mon

an account that earns $6\mathrm{.}5$ percent.

Required:

How much can you withdraw each year in your retirement? $($Enter rounded answ.

directed, but do not use rounded numbers in intermediate calculations.Round

answer to $2$ decimal places $($e$.$g$.,32\mathrm{.}16).)($Hint: Calculate the balances in

accounts at retirement, sum, put this number in as PV and calculate the PMT tha

deplete this account.$)$

Annual withdrawal

amount