Question

Starting one month from​ now, you need to withdraw ​$230230 per month from your bank account...

Starting one month from​ now, you need to withdraw

​$230230

per month from your bank account to help cover the costs of your university education. You will continue the monthly withdrawals for the next four years. If the account pays

0.40.4​%

interest per​ month, how much money must you have in your bank account today to support your future​ needs?

How much money must you have in your bank account today to support your future​ needs?

​$nothing  

​(Round to the nearest​ cent.)

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