4 pts Question 49 Time has passed and Phil, now old and worn, is ready to retire. His investments did better than expected, and he now has $1,350,000 in his retirement account. He wants to withdraw $12,000 per month from his account for 25 years, If his account earns an average return of 6% annually during this period, what is the maximum amount Phil will be able to withdraw monthly? Question 50 4 pts Let's revisit the preceding problem, again assuming that Phil has $1,350,000 in his retirement account and will earn 6% annually on his investments. Let's say he stubbornly (you have to know Phil) insists on withdrawing $12,000 per month from his account. If that is the case, how long will his money last? That is what is the maximum number of monthly payments he can withdraw from his account? Next