Tim and Heather are looking to They have saved up some and placed it into an account earning % compounded monthly . They to be able to withdraw 52400 at the end of each month for the next 20 years their savings are all gone How money would they need to have saved to do this(4 marks

4 points Tim and Heather are looking to retirel They have saved up some money and placed it into an account earning 3.5% compounded monthly. They want to be able to withdraw $2400 at the end of each month for the next 20 years until their savings are all gone How much money would they need to have saved to do this? (4 marks) N I/Y PAY C/Y PV = (Round your answer to two decimal places) FV PMT Question of At the cuestion will save this response