You want to have a long-term retirement plan and consider annually depositing $15,000 for 35 years...

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You want to have a long-term retirement plan and consider annually depositing $15,000 for 35 years until you retire. You will make the first deposit today and the EAR associated with your account is 5% before the retirement. You plan to withdraw $6,000 from this account at the end of each month for 35 years after you retire. You also expect these monthly withdrawals will increase i at 0.2% per month. The EAR associated with your account is 6% after the retirement. At the time of the retirement, will you have enough funds in your account to satisfy this plan? You want to have a long-term retirement plan and consider annually depositing $15,000 for 35 years until you retire. You will make the first deposit today and the EAR associated with your account is 5% before the retirement. You plan to withdraw $6,000 from this account at the end of each month for 35 years after you retire. You also expect these monthly withdrawals will increase i at 0.2% per month. The EAR associated with your account is 6% after the retirement. At the time of the retirement, will you have enough funds in your account to satisfy this plan?

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