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Your aunt wants to retire and has $375,000. She expects to live for another 25 years, and she also expects to earn 7.5% on her

Your aunt wants to retire and has $375,000. She expects to live for another 25 years, and she also expects to earn 7.5% on her invested funds. How much could she withdraw at the beginning of each of the next 25 years and end up with zero in the account?

a.

$29,729.70

b.

$32,859.14

c.

$34,502.10

d.

$31,294.42

e.

$28,243.21

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