Sharon has worked for a company with a retirement program, and today is retiring from her job with the amount of 125,000 in her retirement account. She decides to withdraw an equal amount from this account, once a year, beginning immediately, and ending 24 years from today (for a total of 25 payments). If the interest rate is 4.25%, solve for the annuity amount such that she uses up her full accumulation.
a) 5,000 per year
b) 6,000 per year
c) 7,000 per year
d) 8,000 per year