Chen is 65 years old and about to retire. She has $558 000 saved to supplement...

Transcribed Image Text:

Chen is 65 years old and about to retire. She has $558 000 saved to supplement his pension and Social Security and would like to withdraw it in equal annual dollar amounts so that nothing is left after 15 years. How much does she have to withdraw each year if she earns 6 percent on her money? Click on the table icon to view the PVIFA table If Chen earns 6 percent on her money, the amount she will have to withdraw each year is $ (Round to the nearest cent) Chen is 65 years old and about to retire. She has $558 000 saved to supplement his pension and Social Security and would like to withdraw it in equal annual dollar amounts so that nothing is left after 15 years. How much does she have to withdraw each year if she earns 6 percent on her money? Click on the table icon to view the PVIFA table If Chen earns 6 percent on her money, the amount she will have to withdraw each year is $ (Round to the nearest cent)