Question $1$

$1/1$ pts

Ms Ivanka Strump changes employers at age $38.$ She is given $$78,000$ as a termination payment at that time. She invests this money in a retirement savings account which pays interest at $5\%$ p$.$a$.$ and will leave it there until her retirement at age $65.$ She plans on making $25$ equal annual withdrawals from this account, with the first withdrawal on her $66$ th birthday. The maximum amount of these withdrawals is:

rect!

$$20,662\mathrm{.}04$

$$21\mathrm{.}270\mathrm{.}69$

$$21\mathrm{.}695$:$14$

$519,678\mathrm{.}18$

Topic Three $-$ Fin....pdf

Topic Three $-$ Fin....pdf