Previous Problem Problem List Next Problem (1 point) Suppose that for retirement purposes, over the course of 26 years, you make monthly deposits of $280.00 into an ordinary annuity that pays an annual interest rate of 4.676% compounded monthly. After those 26 years, you then want to make monthly withdrawals for 24 years, reducing the balance in the account to zero dollars. a) Find the amount of money you have accumulated in the annuity over the first 26 years: b) How much should you withdrawing monthly from your account so that the balance reaches zero dollars after the final 24 years? (Note: Your answers should have a dollar sign and be accurate to two decimal places) Note: You can earn partial credit on this problem. Preview My Answers Submit Answers You have attempted this problem 0 times. You have unlimited attempts remaining. Email instructor