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Question 18 (25 points) saved 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 (25 points) saved 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) 732.54 2) 751.93 3) 761.63 4) 740.21 O 5) 775.23

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