Your Aunt Wants to Retire and Has $375, 000

Multiple Choice

Your aunt wants to retire and has $375, 000.She expects to live for another 25 years and to earn 7.5% on her invested funds.How much could she withdraw at the end of each of the next 25 years and end up with zero in the account?

A) $28, 843.38
B) $30, 361.46
C) $31, 959.43
D) $33, 641.50
E) $35, 323.58