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Your aunt wants to retire and has $ 1 , 3 2 5 , 0 0 0 . She expects to live for another 2

Your aunt wants to retire and has $1,325,000. She expects to live for another 25 years and to earn 7.5% on her invested funds. How much
could she withdraw at the end of each of the next 25 years and end up with zero in the account?
Select the correct answer.
a. $118,866.64
b. $118,840.24
C. $118,827.04
d. $118,853.44
e. $118,813.84
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