Question: Am I solving the question correctly? Are the selected answers wrong, or am I solving this incorrectly? Your aunt wants to retire and has $1,460,000.

Am I solving the question correctly? Are the selected answers wrong, or am I solving this incorrectly?

Your aunt wants to retire and has $1,460,000. She expects to live for another 25 years and to earn 7.5% on her invested funds. How much could she withdraw at the m of each of the next 25 years and end up with zero in the account? Select the correct answer. Q a. $131,008.38 0 b. $130,946.78 c. $130,992.98 d. $130,977.58 OOO e. $130,962.18

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