Today,you Are Retiring

Multiple Choice

Today,you are retiring.You have a total of $387,419 in your retirement savings and have the funds invested at a guaranteed 3.68 percent,compounded monthly.You want to withdraw $1,500 at the beginning of every month,starting today.You also want the withdrawals to stop when your account balance declines to $100,000.For how many years can you make withdrawals?

A) 36.52 years
B) 34.43 years
C) 34.22 years
D) 35.24 years
E) 36.22 years