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Present and future value tables of $1 at 3% are presented below: N PV $1 PV $1 PVA $1 PVA $1 PVAD $1 PVAD $1

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Present and future value tables of $1 at 3% are presented below: N PV $1 PV $1 PVA $1 PVA $1 PVAD $1 PVAD $1 1 1.03000 0.97087 1.0000 0.97087 1.0300 1.00000 2. 1.06090 0.94260 2.0300 1.91347 2.0909 1.97087 3 1.09273 0.91514 3.0909 2.82861 3.1836 2.91347 4 1.12551 10.88849 6.1836 3.71710 4.3091 3.82861 5 1.15927 0.86261 5.3091 4.57971 5.4684 4.71710 6 1.19405 0.83748 6.4684 5.41719 6.6625 5.57971 7 1.22987 0.81309 7.6625 6.23028 7.8923 6.41719 8 1.26677 0.78941 8.8923 7.01969 9.1591 7.23028 9 1.30477 0.76642 10.1592 7.78611 10.4639 8.01969 10 1.34392 0.74409 11.4639 8.53020 11.8078 8.78611 11 1.38423 0.72242 12.8078 9.25262 13.1920 9.53020 12 1.42576 0.70138 14.1920 9.95400 14.6178 10.25262 13 1.46853 0.68095 15.6178 10.63496 16.0863 10.95400 14 1.51259 0.66112 17.0863 11.29607 17.5989 11.63496 15 1.55797 10.64186 18.5989 11.93794 19.1569 12.29507 16 1.60471 0.62317 20.1569 12.56110 20.7616 12.93794 Debble has $646,897 accumulated in a 401k plan. The fund is earning a low, but safe. 3% per year. The withdrawals will take place annually starting today How soon will the fund be exhausted If Debbie withdraws $50,000 each year? Debbie has $646,897 accumulated in a 401k plan. The fund is earning a low, but safe, 3% per year. The withdrawals will take place annually starting today, How soon will the fund be exhausted if Debbio withdraws $50,000 each year? Multiple Choice 173 years o 157 years 16.0 years 18.0 years

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