Siri Plans to Retire Now and Would Like to Receive

question 66

Multiple Choice

Siri plans to retire now and would like to receive $10 000.00 per month for twenty years starting at the end of the first month after her retirement. Calculate the amount he must invest now if interest is 4.9% compounded quarterly.

• A) $1 528 015
• B) $1 530 569
• C) $633 665
• D) $793 072
• E) $539 042

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