Question: Do A,B,C and show work please. Need asap, Thank you. An ordinary annuity that earns 7.8% compounded monthly has a current balance of $500,000. The

Do A,B,C and show work please. Need asap, Thank you.

Do A,B,C and show work please. Need asap, Thank you. An ordinary

An ordinary annuity that earns 7.8% compounded monthly has a current balance of $500,000. The owner of the account is about to retire and has to decide how much to withdraw from the account each month. Find the number of withdrawals under each of the following options. (A) $5000 monthly (B) $4000 monthly (C) $3000 monthly (A) Select the correct choice below, and, if necessary, fill in the answer box to complete your choice. A. The total number of withdrawals of $5000 will be B. The withdrawals of $5000 continue forever

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