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Question 18 (2.5 points) Listen Megan turns 30 years old today. She currently has $25,000 in her account. She must make monthly deposits of $__

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Question 18 (2.5 points) Listen Megan turns 30 years old today. She currently has $25,000 in her account. She must make monthly deposits of $__ _beginning next month and ending on her 65th birthday (420 total deposits) in order to reach her retirement goal of making monthly withdrawals of $10,000 per month beginning one month after her 65th birthday and ending on her 90th birthday at which time she wants to have $1,100,000 remaining in her account. Assume a 7% p.a. interest rate. 1) 751.93 2) 761.63 3) 732.54 4) 775.23 5) 740.21 TOL

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