Calculate the first and second year annual payment that you could withdraw for a "growing annuity" using the following assumptions: interest rate = 9% inflation rate = 3% remaining life expectancy = 29 years amount invested at retirement date = $1,300,000 first withdrawal taken at the end of the year hint real rate: ((1 + interest rate) divided by (1 + inflation rate)) - 1. round real rate to two decimal places.