Question: PLEASE ANSWER I WILL GUARANTEE THUMBS UP (please try to keep 2 decimal places if possible) 38. You have just retired with savings of $5

PLEASE ANSWER I WILL GUARANTEE THUMBS UP (please try to keep 2 decimal places if possible)

38. You have just retired with savings of $5 million. If you expect to live for 43 years and to earn 8% a year on your savings, how much can you afford to spend each year (in $ dollars)? $_______. (Assume that you spend the money at the start of each year.)

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