. Suppose you want to withdraw $180 at the end of each month for five years from an account paying 5% compounded monthly.

(i)How much must you have on deposit at the beginning of the month in which the first withdrawal is made at the end of the month?

Select one:

a.

10,000

b.

9828.23

c.

9538.33

d.

9988.28

e.

9500