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To make provision for the possible impact of recessions in the future, Albany Mutual Bank would like to set up a reserve tund. The fund

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To make provision for the possible impact of recessions in the future, Albany Mutual Bank would like to set up a reserve tund. The fund will earn an interest rate of 69 per annun. If the fund pays afwed amount of $12 million to the bank annually for an infinite period, starting two years from today and the annust payment grows at 2,5% per annum. how much does the bank need in the fund today! Select one $342.9 million b. 5305,1 million $287.9 million d. 51235 million

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