(Ignore Income Taxes in This Problem

Multiple Choice

(Ignore income taxes in this problem.) You have deposited $8,369 in a special account that has a guaranteed interest rate of 13% 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 8 years? Select the amount below that is closest to your answer.

A) $1,046
B) $1,744
C) $2,134
D) $1,182