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Question 3 (5 points) Saved Marie Snell recently inherited some bonds (face value $100,000), and soon thereafter became engaged. Sam wants Marie to cash in

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Question 3 (5 points) Saved Marie Snell recently inherited some bonds (face value $100,000), and soon thereafter became engaged. Sam wants Marie to cash in the bonds so they can "live like royalty" for two years in Monte Carlo. The 2% annual coupon bonds (interest payable on December 31) mature on December 31, 2025, and it is now January 1, 2006. Bonds with similar risk and maturity yield 12%. If Marie sells the bonds and the proceeds earn 10% compounded annually in an account, what is the largest equal annual withdrawal she could make for two years, beginning today? $13,255 $29,708 $12,654 $25,305 $14,580

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