To fund Jamie's lottery winnings of $10,400 per month for the next 20 years, the lottery commission needs to make a single deposit now.Assuming 9.5% compounded monthly, what should the deposit be?
Round to the nearest cent.
A)$1,115,706.48
B)$1,115,746.48
C)$1,115,739.28
D)$1,059,936.64
E)$1,115,722.78

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The Answer of To fund Jamie's lottery winnings of $10,400 per month for the next 20 years, the lottery commission needs to make a single deposit now.Assuming 9.5% compounded monthly, what should the deposit be?
Round to the nearest cent.
A)$1,115,706.48
B)$1,115,746.48
C)$1,115,739.28
D)$1,059,936.64
E)$1,115,722.78

To Fund Jamie's Lottery Winnings of $10,400 Per Month for the Next