Determine the amount needed such that when it comes time for retirement, an individual can make monthly withdraws in the amount

Question

3 years ago

10

Determine the amount needed such that when it comes time for retirement, an individual can make monthly withdraws in the amount

of $2,154 for 30 years from an account paying 5. 1% compounded monthly. Round your answer to the nearest cent. A. $396,721. 78 b. $398,407. 85 c. $775,440 d. $1,833,962. 40 Please select the best answer from the choices provided A B C D.

Mathematics

1 answer:

Likurg_2 [28] · Answer 1 · 2023-01-02T10:18:06+03:00

Likurg_2 [28]3 years ago

7 0

Answer:

b i took this exam 90% sure its B

Step-by-step explanation:

B

second 1