Please get back to me soon.

Your father's employer was just acquired, and he was given a severance payment of $382,173, which he invested at a 7.5% annual rate. He now plans to retire, and he wants to withdraw $35,000 at the end of each year, starting at the end of this year. How many years will it take to exhaust his funds, i.e., run the account down to zero? 0 22.50 O 23.63 0 24.81 O 26.05 0 27.35 Farmers Bank offers to lend you $50,000 at a nominal rate of 5.0%, simple interest, with interest paid quarterly. Merchants Bank offers to lend you the $50,000, but it will charge 6.0%, simple interest, with interest paid at the end of the year. What's the difference in the effective annual rates charged by the two banks? 0 1.56% O 1.30% O 1.09% O 0.91% O 0.72%