Find the Periodic Withdrawal for an Annuity of $75,000 at 4

question 57

Multiple Choice

Find the periodic withdrawal for an annuity of $75,000 at 4%, paid out quarterly for 25 years. (Assume end-of-period deposits and compounding at the same intervals as deposits.) Round your answer to the nearest cent.

• A) \(P M T = \$ 1,188.43\)
• B) \(P M T = \$ 439.93\)
• C) \(P M T = \$ 145.88\)
• D) \(P M T = \$ 1,189.93\)
• E) \(P M T = \$ 395.88\)

---

Definitions:

Communication Methods

Various ways through which information is conveyed between individuals or groups, including verbal, non-verbal, written, and digital means.

Nonverbal Communication

The transfer of information through body gestures, facial expressions, and other physical movements rather than words.

Interpreter

A professional who translates spoken or signed language into another language, facilitating communication between people who do not share a common language.

Community Assessment

A systematic process of gathering and analyzing information to identify the needs, resources, and capabilities of a community.