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Question 20 Not yet saved Marked out of 1.00 P Flag In light of the impact of the coronavirus pandemic, Kalbarri Mutual Bank in Western

Question 20 Not yet saved Marked out of 1.00 P Flag In light of the impact of the coronavirus pandemic, Kalbarri Mutual Bank in Western Australia, would like to set up a reserve fund. The fund will earn an interest rate of 4% per annum. If the fund pays a fixed amount of $20 million to the bank annually for an infinite period, starting two years from today, how much does the bank need in the fund today? question Select one: a. $520.0 million b. $444.5 million c. $500.0 million d. $480.8 million

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