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. How much money must Mr. Geneseo have on deposit today at Girard Bank and Trust if he wants to be able to withdraw $6,700
. How much money must Mr. Geneseo have on deposit today at Girard Bank and Trust if he wants to be able to withdraw $6,700 at the beginning of each year forever, and he can earn a 5.5% average annual rate of return on his account's balance? [Question 5 that follows involves a perpetuity, or stream of unending payments, that will occur at the beginning of each semiannual period.] O A. $128,518.18 B. $7,068.50 C. $36,850.00 D. $121,818.18 E. $6,350.71
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