Assume upon the death of the breadwinner, John, that the family needs $1,500 a month, at the beginning of each month, for the next 15 years under the capital liquidation approach. The required rate of return for this investment is 4.25%. Assume that a financial planner can invest the proceeds in an allocated portfolio at a return of 5%. How much will the monthly income increase?

A. $76 B. $82 C. $1,576 D. $1,582

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