Question: 7. You plan to take off work in 2 years and stay off work for the following 3 years while you try to write a

7. You plan to take off work in 2 years and stay off work for the following 3 years while you try to write a novel. Currently, you have $80,000 in the bank earning 6.6%. You plan to deposit $900 every month into the account for the next 2 years. At that point, you will stop putting money in and and start taking it out. How much can you withdraw every month over the 3-year period while you are working on your novel?

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