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Mr. Hemlock's rich aunt wants to open a large account for him. The interest rate that the Hickory Community Bank pays on account balances is

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Mr. Hemlock's rich aunt wants to open a large account for him. The interest rate that the Hickory Community Bank pays on account balances is expected to average 5.74 per year over future decades. if Mr. Hemlock wants to be able to withdraw 583,000 at the beginning of each year for the next 34 years with the first withdrawal to be taken today, what amount of money should his aunt open the account with today? A. $1,235,007.29 B. $8,595,953.92 C. $1.246,93216 D. $452.983.55 DE $1,305,402.71

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