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11. Justin elects to receive his retirement benefit over 15 years at the rate of 3,000 per month beginning one month from now. The monthly

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11. Justin elects to receive his retirement benefit over 15 years at the rate of 3,000 per month beginning one month from now. The monthly benefit increases by 2.5% each year. At a nominal interest rate of 6% convertible monthly, calculate the present value of the retirement benefit A. $ 413,519 B. $ 423,519 C. $ 433,519 D. $ 443,519 E. $ 453,519

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