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PLEASE USE BA II PLUS AND ANSWER A-D Save Geoff has paid $19,000 for a retirement annuity from which he will receive $1,624 at the

PLEASE USE BA II PLUS AND ANSWER A-D

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Save Geoff has paid $19,000 for a retirement annuity from which he will receive $1,624 at the end of every month. The payments are deferred for 14 years and interest is 3% compounded monthly. (a) How many payments will Geoff receive? (b) What is the size of the final payment? (c) How much will Geoff receive in total? (d) How much of what he receives will be interest? (a) Geoff will receive payments. (Round up to the nearest whole number.)

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