Present and Future Value Tables of $1 at 3% Are

question 42

Multiple Choice

Present and future value tables of $1 at 3% are presented below:

-Debbie has $368,882 accumulated in a 401K plan. The fund is earning a low, but safe, 3% per year. The withdrawals will take place annually starting today. How soon will the fund be exhausted if Debbie withdraws $30,000 each year?

• A) 15 years.
• B) 16 years.
• C) 14 years.
• D) 12.3 years.

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Definitions:

Parasomnias

A category of sleep disorders that involve abnormal movements, behaviors, emotions, perceptions, or dreams that occur while falling asleep, sleeping, or waking up.

Dyssomnias

A category of sleep disorders that involve difficulties in getting enough sleep, falling asleep, or maintaining sleep, including insomnia and sleep apnea.

Insomnia

A sleep disorder characterized by persistent difficulty in falling asleep, staying asleep, or obtaining restorative sleep.

Hypersomnia

Hypersomnia is characterized by excessive sleepiness, where an individual has trouble staying awake during the day, even after long periods of sleep.