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You are saving for retirement. You would liko to relire of oge 65. You plan to make your last doposit into your refirement savings account

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You are saving for retirement. You would liko to relire of oge 65. You plan to make your last doposit into your refirement savings account on your 64 th birthday and start withdrawing funds one yeor later on your 65 th bithday. You would like your first withdrawal to be $70,000, and then you want the subsoquent annual withdrawals to grow at 2% per yoor to maintain purchasing powor affer inflation, You oxpect to make your final withdrawal on yout 105 th birthday. You estimate that your retirement savings will oarn 8% while you are saving ond during relirement while you are making withdrawals. How much must be in your retiroment savings occount immediately after making the finol deposit on your 64 th bitthday to fund the retirement income? 101 and 103 $1,509.567.16$1,054.676.51$1,953.285.72$1.756,637.97

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