Find the Periodic Withdrawal for an Annuity of $75,000 at 4

Multiple Choice

Find the periodic withdrawal for an annuity of $75,000 at 4%, paid out quarterly for 25 years. (Assume end-of-period deposits and compounding at the same intervals as deposits.) Round your answer to the nearest cent.

A) $P M T = \$ 1,188.43$
B) $P M T = \$ 439.93$
C) $P M T = \$ 145.88$
D) $P M T = \$ 1,189.93$
E) $P M T = \$ 395.88$