Multiple Choice
Your aunt wants to retire and has $375, 000.She expects to live for another 25 years, and she also expects to earn 7.5% on her invested funds.How much could she withdraw at the beginning of each of the next 25 years and end up with zero in the account?
A) $28, 243.21
B) $29, 729.70
C) $31, 294.42
D) $32, 859.14
E) $34, 502.10
Correct Answer:
Verified
Correct Answer:
Verified
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