Question

How much do you need when you retire to provide a $2,500 monthly check that will...

How much do you need when you retire to provide a $2,500 monthly check that will last for 25 years? Assume that your savings can earn 0.5% a month and you receive the check at the end of each month.

$361,526.14 A

$388,017.16 B

$402,766.67 C

$414,008.24 D

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