You plan for retirement, you plan to save $300 every month for next 20 years in a stock account that yields 9%. When you retire you decide to transfer all the money to another account with less risk and a stable return of 4%. You plan to withdraw all the money with equal monthly installment from this account for the next 30 years assuming all payments are made at end of each month

1) what is your balance of your retirement account in 20 years to the time you need to make monthly withdrawals in dollars?

2)How much money can be withdrawn when you decide to retire?