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4. [-/1 Points) DETAILS MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER You plan to work for 40 years and then retire using a 25-year annuity.

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4. [-/1 Points) DETAILS MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER You plan to work for 40 years and then retire using a 25-year annuity. You want to arrange a retirement income of $4900 per month. You have access to an account that as an APR of 48% compounded monthly What senest ego do you need to achieve the desired monthly yield? (Round your answer to the nearest cent) $ OOK

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