Question: please solve using excel , the answer is 108,691.64. 14. You are planning your retirement in 10 years. You currently have $500,000 in a stock

please solve using excel , the answer is 108,691.64.

14. You are planning your retirement in 10 years. You currently have $500,000 in a stock account. The stock account will earn a return of 10.5 percent. When you retire, you plan to withdraw an equal amount for each of the next 25 years at the end of each year and have nothing left. Additionally, when you retire you will transfer your money to an account that earns 6.25 percent. What amount can you withdraw

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