Petra is making a financial plan for her retirement. Today is her 40th birthday, and she receives $2000,000 from her grandmothers will. She plans to retire 20 years from now when she turns 60. Once she is retired, she will need to withdraw $4,000 a month for 20 years, starting on the day she retires. She anticipates earning 6% compounded semi-annually for the entire 40 years. How much of her inheritance money must be invested today to meet her retirement goal?

Question 8 options: