Answer the question.
-Suppose you are 25 years old and would like to retire at age 65. Furthermore, you would like to have a retirement fund from which you can draw an income of $192,644 per year-forever! How
Can you do it? Assume a constant APR of 4%.
A) Deposit $4691.10 per month.
B) Deposit $3324.38 per month.
C) Deposit $3717.96 per month.
D) Deposit $4074.67 per month.
Correct Answer:
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