You are 36 years old, and decide to save $15, 000 each year (with the first deposit one year from now), in an
account paying 10% interest per year. You will make your last deposit 29 years from now when you retire at
age 65. During retirement, you plan to withdraw funds from the account at the end of each year (so your first
withdrawal is at age 66).
What constant amount will you be able to withdraw each year if you want the funds to last until you are age 85?
The total savings at age 65 is $ _____ (Round to the nearest dollar.)