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:

Confirmation Number

A unique code used to verify the authenticity or reservation status of services or transactions.

URL

Uniform Resource Locator, the address of a resource on the internet, providing the means to locate and access web pages and other data.

Protocol

A set of rules and standards that define how data is transmitted and received over a network.