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) \(P M T = \$ 395.88\)

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