1. Your aunt has $900,000 invested at 7.5%, and she now wants to retire. She wants to withdraw $75,000 at the beginning of each year, beginning immediately. She also wants to have $100,000 left to give you when she ceases to withdraw funds from the account. What is the maximum number of $75,000 withdrawals that she can make and still have at least $100,000 left in the account, right after the last withdrawal? (Hint: If your solution for N is not an integer, round down to the nearest whole number.)

   a		29
   b		44
   c		45
   d		23
   e		10