If You Have $375 000 in an Account Earning 9

question 109

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)$7500
• B)$18 750
• C)$66 912
• D)$41 080

---

Definitions:

Funeral Services

Professional services involved in organizing and managing a funeral, including embalming, burial, and memorial services.

Telemarketing Sales Rule

A set of regulations designed to protect consumers from deceptive or abusive telemarketing practices.

Multiple-product Order

An order that includes more than one type or variation of product, often seen in retail or wholesale transactions.

Cease-and-desist Order

A legal order issued by a government agency or court to stop an activity or behavior that is alleged to be illegal.