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Reggle Redbird inherits $440,000, which he deposits into his Schaumburg State Bank account today. With this new nest egg in hand he decides to take

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Reggle Redbird inherits $440,000, which he deposits into his Schaumburg State Bank account today. With this new nest egg in hand he decides to take an extended break from being isu's beloved mascot and spend the next 21 years flying the world and writing his memoirs. He will use the $440,000 and any interest earnings to provide an Income stream of 21 equal annual withdrawals. If 3.2% interest can be earned on any amount remaining in the account from year to year, how much money can Reggle withdraw if he takes the money at the end of each year? [Following Question 16 will involve the same numbers, but with beginning of year cash flows.] O A. $29,096.38 B. $40,598.22 C. $21,622.86 D. $15,016,38 E. $28,194,17

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