Question $1$

$1$ pts

You would like to be able to withdraw $$10,000$ per month for the $30$ years you are in retirement. How much do you need to save each month for the $40$ years you are working? Assume the interest rate is $10\%$ per year and that you begin saving one month from today and make your first withdraw one month after you retire.

$$180\mathrm{.}19$

$$569\mathrm{.}25$

$$2373\mathrm{.}98$

$$ $$7,500$