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D.3106b C. $1101 D. $1223 38 He plans to work for five John has just been employed by a prestigious firm, drawing an annual salary

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D.3106b C. $1101 D. $1223 38 He plans to work for five John has just been employed by a prestigious firm, drawing an annual salary of $300 000, paid at the che next 20 years (paywthdraw for the years before retiring. He buys a new luxury home with month), and donates $10000 per annum forever to his favourite charity. What annual amount, in Tirst tive years of his retirement from the remainder of his savings? Assume an annual intcrest mortgage repayments of $5000 per month for the next 20 years (payable at the end of n present a pestigious firm, drawing an annual salary of $300 000, paid at the end of each year value terms, can John withdraw for the A. $93 926 B. $246 819 C. $94 754 D. $112 754

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