[Solved] Use the Following to Answer Questions

Question 29
Multiple Choice
Question 29

Use the following to answer questions
Present and future value tables of $1 at 3% are presented below:
-Debbie has $368,882 accumulated in a 401K plan.The fund is earning a low,but safe,3% per year.The withdrawals will take place annually starting today.How soon will the fund be exhausted if Debbie withdraws $30,000 each year?

A)15 years.
B)16 years.
C)14 years.
D)12.3 years.

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