Chris Van Voorhies just inherited $500,000. The money was put in a trust that allows Chris to make equal withdrawals, every year, over the next 10 years. If the trust earns 5% interest, how much can Chris withdraw each year?

A. $50,000 B. $64,752 C. $75,000 D. $81,445 E. $39,752

Present Value of $1 10.97087 0.96154 0.95238 0.9434 0.93458 0.92593 0.91743 0.90909 3 1.12486 .15763 1.19102 1.22504 5 1.216651.27628 1.33823 1.40255 1.46933 1.538621.61051 0.82193 0.78353 0.74726 0.71299 0.68058 0.649930.62092 1.71382 1.82804 1.94872 7 0.813090.75992 0.71068 0.66506 0.62275 0.583490.547030.51316 9 1.42331 1.55133 1.68948 1.83846 12 1.60103 .79586 15 1.800942.078932.39656 2.75903 3.17217 3.64248 4.17725 15 0.64186 0.55526 0.48102 0.41727 0.36245 0.31524 0.274540.23939 0.3118 0.25842 0.21455 0.17843 0.14864 2.6533 3.20714 3.86968 4.66096 5.60441 nnu 0.97087 0.961540.95238 0.93458 0.92593 0.91743 0.90909 2 1.91347 1.88609 1.859411.83339.80802 1.78326 1.759111.73554 4 4.24646 4.31013 4.37462 4.439944.506114.57313 6 5.417195.24214 5.07569 4.917324.766544.62288 4.48592 4.35526 7 6.23028 6.00205 5.78637 5.58238 5.38929 5.20637 5.03295 R842 8 7.01969 6.73274 6.463216.20979 898298.14201 8.39384 8.65402 9.20043 9.48717 9.89747 10.259810.6366311.0284711.43589 77.898298.14201 8.393848.65402 8.9228 9.20043 9.4871 6.23028 6.00205 5.78637 5.58238 5.38929 5.20637 5.03295 5.9713 5.74664 5.53482 93 10 12.0061112.57789 13.18079 13.81645 14.4865615.1929315.93742 8.1109 7.721737.36009 7.02358 6.710086.417666.14457 12 15.0258115.9171316.8699 898649.29498 8.74547 8.24424 7.78615 7.36669