Question: show all work You plan to open an annuity on the day you retire. Assume that the annuity will can interest at a continuous rate

show all work You plan to open an annuity on the day show all work

You plan to open an annuity on the day you retire. Assume that the annuity will can interest at a continuous rate of 5% and that you wil withdraw 550.000 per year Al Write a differential to satisfied by P(t)the balance of your writy years after you retire Bi Find the solution to the differential equation satisfying PCO) - C) What is the minimum principal such that the annuity will last for 25 years after you retire with this interest rate and withdrawal plan? You do not need to simplify your answer, and there is no need to use a calculator to provide an approximate

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