What is the PV of a eight-period annual annuity of $6,000 if the interest rate per period is 3% and the first payment is made today? a. $41,441.21 b. $27,145.49 c. $12,112.05 d. $43,381.70 19) You plan on working for the next 35 years and don't think Social Security will be there. If you think you'll need $1,500,000 when you retire to fund your lifestyle, how much do you need to invest monthly at 7% to meet your goal? a. $544.93 b. Forget it, there's no way. c. $753.20 d. $832.85