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Please show steps for solving, I want to understand the concept. Thank you! Ms Oksana Doe has just inherited an investment account worth $2,400,000 from

Please show steps for solving, I want to understand the concept. Thank you!

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Ms Oksana Doe has just inherited an investment account worth $2,400,000 from her grandparents. The fund earns an annual interest rate of 8%. She plans to make uniform annual withdrawals from the account over the next 22 years. Answer the following two questions: C) 1. How much will each annual withdrawal be? OA. $239,520 OB. $39,360 OC. $253,920 O D. $43,200 OE. $235,200 2. What will be the balance in the account immediately after making the 7th annual withdrawal? OA. $2,173,428 OB. $1,224,545 OC. $2,013,194 O D. $753,600

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