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An ordinary annuity that eams 7.3% compounded monthly has a current balance of $400,000. The owner of the account is about to retire and has

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An ordinary annuity that eams 7.3% compounded monthly has a current balance of $400,000. The owner of the account is about to retire and has to decide how much to withdraw from the account each month. Find the number of withdrawals under each of the following options. (A) $4000 monthly (B) $3000 monthly (C) $2000 monthly (A) Select the correct choice below, and, if necessary, fill in the answer box to complete your choice. A. The total number of withdrawals of $4000 will be B. The withdrawals of $4000 continue forever

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