To fund Jamie's lottery winnings of $17,200 per month for the next 18 years, the lottery commission needs to make a single deposit now.Assuming 9.7% compounded monthly, what should the deposit be?
Round to the nearest cent.
A)$1,753,996.94
B)$1,666,277.05
C)$1,753,995.04
D)$1,753,975.84
E)$1,753,956.94

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The Answer of To fund Jamie's lottery winnings of $17,200 per month for the next 18 years, the lottery commission needs to make a single deposit now.Assuming 9.7% compounded monthly, what should the deposit be?
Round to the nearest cent.
A)$1,753,996.94
B)$1,666,277.05
C)$1,753,995.04
D)$1,753,975.84
E)$1,753,956.94

To Fund Jamie's Lottery Winnings of $17,200 Per Month for the Next