You deposit $5,000 per year at the end of each of the next 25 years in

You deposit $5,000 per year at the end of each of the next 25 years into an account that pays 8%
compounded annually.

How much could you withdraw at the end of each of the 20 years following
your last deposit if all withdrawals are the same dollar amount? (The twenty-fifth and last deposit
is made at the beginning of the 20-year period. The first withdrawal is made at the end of the first
year in the 20-year period.)
A) $18,276 B) $27,832 C) $43,289 D) $37,230

ANSWER

D