An investor sets up a mutual fund ratio withdrawal plan that will pay him 8% of the end-of-year value of his mutual funds. At the beginning of this year, his mutual fund portfolio is worth $175,000. This year the fund generated a return of 9%. How much will the investor receive from his ratio withdrawal plan at the end of this year, assuming no deferred sales charges apply? $15,750 $15,260 $15,000 $14,000