This is a question on Present Value of Annuity and we seek the periodic withdrawal.

where:
FVA = Future value of annuity
PMT = Periodic Withdrawal
i = interest/discount rate
n = no of years
m = no of compundings per interest period

PMT = $22.01
Answer:
Multiply 1/4 ; dividing 4
Step-by-step explanation:
Note that in each number going from left to right, it decreases by dividing 4 each time (or multiplying 1/4)
8/4 = 2 ; 2/4 = 1/2 ; (1/2)/(4) = 1/8 ; etc.
(8)(1/4) = 2 ; (2)(1/4) = 1/2 ; etc.
~
Answer:
a
Step-by-step explanation:
you do a because there is a 7% increase (times 0.07) and add 1 because the original value dosnt leave