A retirement plan guarantees to pay to you or your estate a fixed amount for 20...

Transcribed Image Text:

A retirement plan guarantees to pay to you or your estate a fixed amount for 20 years. At the time of retirement, you will have $83,425. The plan anticipates earning 9% interest. Given the following information, how much will you be able to take out on an annual basis while you are retired? O 8,043 O 9,000 O 9,138 13,070 1,435 O not enough data to answer O 13,102 O 7,479 A retirement plan guarantees to pay to you or your estate a fixed amount for 20 years. At the time of retirement, you will have $83,425. The plan anticipates earning 9% interest. Given the following information, how much will you be able to take out on an annual basis while you are retired? O 8,043 O 9,000 O 9,138 13,070 1,435 O not enough data to answer O 13,102 O 7,479