Your Aunt Wants to Retire and Has $375,000

question 56

Multiple Choice

Your aunt wants to retire and has $375,000.She expects to live for another 25 years and to earn 7.5% on her invested funds.How much could she withdraw at the end of each of the next 25 years and end up with zero in the account?

• A) $28,843.38
• B) $30,361.46
• C) $31,959.43
• D) $33,641.50
• E) $35,323.58

---

Definitions:

Tenancy at Sufferance

A situation where a tenant remains in the property without the landlord's consent after the lease period has ended.

Long-Term Leases

Lease agreements that extend for a substantial period of time, often more than one year, used frequently in real estate and equipment leasing.

Residential Property

Real estate designated for occupation by households or for non-commercial purposes.

Extensions

Additions or expansions to a pre-existing document, contract, or period of time.