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3 Present and future value tables of $1 at 3% are presented below: 35.41 bed ok N FV $1 PV $1 1 1.03000 10.97087 2

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3 Present and future value tables of $1 at 3% are presented below: 35.41 bed ok N FV $1 PV $1 1 1.03000 10.97087 2 1.06090 0.94260 3 1.09273 0.91514 4 1.12551 0.88849 5 1.15927 0.86261 6 1.19405 0.83748 7 1.22987 10.81309 8 1.26677 0.78941 9 1.30477 0.76642 10 11.34392 10.74409 11 1.38423 0.72242 12 1.42576 0.70138 13 1.46853 10.68095 14 1.51259 10.66112 15 1.55797 0.64186 16 1.60471 0.62317 FVA $1 PVA $1 1.0000 0.97087 2.0300 1.91347 3.0909 2.82861 4.1836 3.71710 5.3091 4.57971 6.4684 5.41719 7.6625 6.23028 8.8923 7.01969 10.1591 7.78611 11.4639 8.53020 12.8078 9.25262 14.1920 9.95400 15.6178 10.63496 17.0863 11.29607 18.5989 11.93794 20.1569 12.56110 FVAD $1 PVAD $1 1.0300 1.00000 2.0909 1.97087 3.1836 2.91347 4.3091 3.82861 5.4684 4.71710 6.6625 5.57971 7.8923 6.41719 9.1591 7.23028 10.4639 8.01969 11.8078 8.78611 13.1920 9.53020 14.6178 10.25262 16.0863 10.95400 17.5989 11.63496 19.1569 12.29607 20.7616 12.93794 Debbie has $219,080 accumulated in a 401k plan. The fund is earning a low, but safe, 3% per year. The withdrawals will take place today. How soon will the fund be exhausted if Debble withdraws $20,000 each year

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