Use the timeline below to help you! An employee is planning to retire in 10 years. To plan for this retirement, she deposits $1250 at the end of each month into a savings plan. The balance is then converted into a fund from which end-of-month withdrawals are made for the next 20 years. Money is worth 3.5% compounded monthly.

What is the value of PV2?

Select one:

a.

$126,408.36

a. $126,408.36

b.

$2,180,868.44

b. $2,180,868.44

c.

$179,290.64

c. $179,290.64

d.

$12,665.35

TIMELINE IS BELOW ADDED TO THE QUESTION. IT WOULD NOT ALLOW TO BE ON THE QUESTION WHEN I POSTED IT MADE ME PUT AS ATTACHED AS PHOTO.

Use the timeline below to help you! An employee is planning to retire in 10 years. To plan for this retirement, she deposits $1250 at the end of each month into a savings plan. The balance is then converted into a fund from which end-of-month withdrawals are made for the next 20 years. Money is worth 3.5% compounded monthly. today 1 mo 2 mo 10 years 119 mo 120 mo 30 years 360 mo 121 mo 359 mo H IY=2 CY? $1,250 $1,250 $1,250 $1,250 PMT ........... PMT PMT FV: PV na? FV, 0 What is the value of PV2? Select one: a. $126,408.36 b. $2,180,868.44 O c. $179,290.64 d. $12,665.35