A woman would like to receive a $250,000 lump-sum distribution from her retirement account when she retires in 25 years.She begins making monthly contributions now to an annuity paying 7.5%,
Compounded monthly.Find the amount of that contribution.
A)$270.73
B)$317.08
C)$284.98
D)$305.18
E)$298.23

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The Answer of A woman would like to receive a $250,000 lump-sum distribution from her retirement account when she retires in 25 years.She begins making monthly contributions now to an annuity paying 7.5%,
Compounded monthly.Find the amount of that contribution.
A)$270.73
B)$317.08
C)$284.98
D)$305.18
E)$298.23

A Woman Would Like to Receive a $250,000 Lump-Sum Distribution