Your Aunt Wants to Retire and Has $375,000

question 71

Multiple Choice

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

• A) $28,243.21
• B) $29,729.70
• C) $31,294.42
• D) $32,859.14
• E) $34,502.10

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