Answer:
withdraw amount  = 28532.45
so correct option is  a. $28,532
Explanation:
given data 
present amount  = $275,000 bonus
interest rate = 8.25% per year  = 0.0825
time period = 20 year
solution 
first we get here Cumulative discount factor that is 
Cumulative discount factor =  .........................1
   .........................1
here r is rate and t is time period 
put here value and we will get 
Cumulative discount factor =  
    
solve it we get 
Cumulative discount factor =  9.638148
and now we get  so here withdraw amount at the end of each of the next 20 years that is 
withdraw amount = Present amount ÷ cumulative discount factor   ............2
put here value 
withdraw amount =  
    
solve it we get 
withdraw amount  = 28532.45
so correct option is  a. $28,532