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Present and future values of $1 at 3% are presented below N 6 FVA $1 PVA $1 1.0000 8.97087 2.0300 1.91347 3.0909 2.82861 4.1836

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Present and future values of $1 at 3% are presented below N 6 FVA $1 PVA $1 1.0000 8.97087 2.0300 1.91347 3.0909 2.82861 4.1836 3.71710 FVAD $1 PVAD $1 1.8300 1.00000 2.0909 1.97087 3.1836 2.91347 4.3091 3.82861 5.3091 4.57971 5.4684 4.71710 6.4684 5.41719 6.6625 5.57971 7.8923 6.41719 FV $1 PV $1 1 1.03000 0.97887 2 1.06090 0.94260 31.09273 0.91514 4 1.12551 0.88849 51.15927 0.86261 1.19405 0.83748 7 1.22987 0.81309 7.6625 6.23028 8 2.26677 0.78941 8.8923 7.01969 9.1591 9 1.30477 0.76642 10.1591 7.78611 10.4639 10 1.34392 0.74409 11.4639 8.53020 11.8078 11 1.38423 0.72242 12.8078 9.25262 13.1920 9.53020 12 1.42576 0.70138 14,1920 9.95408 14.6178 10.25262 13 1.46853 8.68095 15.6178 10.63496 16.0863 10.95480 14 1.51259 0.66112 17.0863 11.29607 17.5989 11.63496 15 1.55797 0.64186 18.5989 11.93794 19.1569 12.29607 16 1.60471 0.62317 20.1569 12.56110 20.7616 12.93794 7.23028 8.01969 8.78611 Debble has $256,688 accumulated in a 401K plan. The fund is eaming 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 $40,000 each year? Multiple Choice O O 10 years 80 years ! 60 years O

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