Question: From an $ 8 5 0 , 0 0 0 retirement fund Arthur will receive equal payments at the beginning of every month for 3

From an $850,000 retirement fund Arthur will receive equal payments at the beginning of every month for 30 years. Using an interest rate of 5.4% compounded monthly, calculate the size of the monthly payments.
a
$4,385.02
b
$6,018.77
c
$2,592.55
d
$4,751.63

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