Siri plans to retire in 18 years and would like to receive $10 000.00 per month for twenty years starting at the end of the first month after her retirement. Calculate the amount he must invest now if interest is 4.9% compounded monthly.
A) $1 528 015
B) $594 425
C) $633 665
D) $574 626
E) $539 042
Correct Answer:
Verified
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