Your Aunt Wants to Retire and Has $375, 000

question 48

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

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