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Chen is 65 years old and about to retire. She has $596,000 saved to supplement his pension and Social Security and would like to withdraw

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Chen is 65 years old and about to retire. She has $596,000 saved to supplement his pension and Social Security and would like to withdraw it in equal annual dollar amounts so that nothing is left after 16 years. How much does she have to withdraw each year if she earns 6 percent on her money? Click on the table icon to view the PVIFA table: If Chen earns 6 percent on her money, the amount she will have to withdraw each year is (Round to the nearest cent.)

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