Your cousin is planning for retirement and asks you to use your finance knowledge to estimate how much he needs to accumulate during his work life in order to save for 25 years of retirement, making annual withdrawals, of $75,000, starting the day he retires. If he plans to keep his savings in an account that pays 4% annually, what do you respond? $1,171,656 $3,123,443.12 $1,875,000 $1,218,522.24 $1,125,000