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Marc will retire on his 65th birthday. He wants to withdraw $150,000 from his retirement account on each birthday from his 66th to his 85th

Marc will retire on his 65th birthday. He wants to withdraw $150,000 from his retirement account on each birthday from his 66th to his 85th to cover his living expense. How much will he need in his retirement account on his 65th birthday? Assume interest rate is 10%.

A.

1,277,034
B.

1,254,738
C.

8,291,250
D.

1,297,304

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