(Ignore Income Taxes in This Problem

Multiple Choice

(Ignore income taxes in this problem.) You have deposited $7,620 in a special account that has a guaranteed rate of return of 19% per year.If you are willing to completely exhaust the account,what is the maximum amount that you could withdraw at the end of each of the next 7 years? Select the amount below that is closest to your answer.

A) $1,295
B) $2,056
C) $2,219
D) $1,089