John has $2 in his pocket, which he can use to buy a snack or to rent a dvd. john is hungry, which is a(n) to choose the snack. john decides to use the $2 to buy food. so the satisfaction that john gave up by not renting a video was part of the of his decision.

Suppose your rich uncle gave you $50,000, which you plan to use for graduate school. you will make the investment now, you expect to earn an annual return of 6%, and you will make 4 equal annual withdrawals, beginning 1 year from today. under these conditions, how large would each withdrawal be so there would be no funds remaining in the account after the 4th withdraw?