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Your aunt has $200,000 invested at 4% and she now wants to retire. She wants to withdraw $18,825.87 at the end of each year, beginning
Your aunt has $200,000 invested at 4% and she now wants to retire. She wants to withdraw $18,825.87 at the end of each year, beginning at the end of this year. She also wants to have $20,000 left to give you when she ceases to withdraw funds from the account. What is the maximum number of $18,825.87 withdrawals that she can make and still have $20,000 left in the account? Group of answer choices
A.) 12
B.) 13
D.) 14
E.) 17
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