If You Have $375,000 in an Account Earning 9% Annually

question 27

Multiple Choice

If you have $375,000 in an account earning 9% annually, what constant amount could you withdraw each year and have nothing remaining at the end of 20 years?

• A) $7,500
• B) $18,750
• C) $66,912
• D) $5,575
• E) $41,080

---

Definitions:

Address Bar

A field in a web browser that displays the URL of the current webpage and allows users to enter a website's address to navigate to it.

Cut Button

A user interface element that removes selected data from its original position and stores it in temporary memory for placement elsewhere.

Ribbon

The ribbon is a user interface element seen in many software applications, organizing tools and functionalities into a set of tabs.

Clipboard

A temporary storage area in computing devices for data that the user wants to copy from one place and paste into another.