Sally Has $3, 000, 000 on Deposit in a Fund

Multiple Choice

Sally has $3, 000, 000 on deposit in a fund that earns 10% interest compounded annually.How much can Sally withdraw annually from the fund in ten equal annual withdrawals to completely deplete the fund after the tenth draw, assuming the first withdrawal occurs one year from today?

A) $300, 000
B) $443, 851
C) $488, 237
D) $545, 945