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4. In order to help you through college, your parents just deposited $25,000 into a bank account paying 12% interest. Starting tomorrow, you plan to

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4. In order to help you through college, your parents just deposited $25,000 into a bank account paying 12% interest. Starting tomorrow, you plan to withdraw equal amounts from the account at the beginning of each of the next five years. What is the MOST you can withdraw annually? A. $6,192.18 B. $7,988.91 C. $8,133.84 D. $7,548.02 E. $8,154.71

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