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Your grandmother just died and left you $ 4 0 , 0 0 0 in a trust fund that pays 6 . 5 % interest.

Your grandmother just died and left you $40,000 in a trust fund that pays 6.5% interest. You must spend the money on your college education, and you must withdraw the money in 4 equal installments, beginning immediately. How much could you withdraw today and at the beginning of each of the next 3 years and end up with zero in the account?
$10,744.21
$10,415.31
$10,963.48
$8,770.79
$13,594.72
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