An account paying 4.8% interest compounded quarterly has a balance of $506,732.32. Determine the amount that can
be withdrawn quarterly from the account for 20 years, assuming ordinary annuity.
a. $9,722.36
b. $6,334.15
c. $23,965.92
d. $7,366.99
Please select the best answer from the choices provided
OA
55:18
D