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Anne-Marie received $445,000.00 from her mother's estate. She wants to set apart part of her inheritance of her retirement from 12 years from now. At
Anne-Marie received $445,000.00 from her mother's estate. She wants to set apart part of her inheritance of her retirement from 12 years from now. At that time, she would like to receive a pension supplement of $2,600.00 at the end of each month for 15 years. If she first payment is due one month after her retirement and interest is 3.6% compounded monthly, how much must Anne-Marie set aside?
A. $243,712.29
B. $234,652.45
C. $289,256.54
D. $199,652.45
E. $243,256.54
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