Rebecca is retiring next month at $65.$ She can select either a pension of $$1,745$

monthly guaranteed for life and not indexed for inflation, or a lump sum of $$312,000$

Assume she can invest the lump sum at $5\%$ compounded annually and draw the

same income as the pension. What age must she reach for the guaranteed monthly

lifetime pension to be the better choice?

A $89$

$92$

C$)93$

D$)$

$90$