You wish to calculate the amount that you should withdraw from your college savings fund of $30 000 if you wish to withdraw equal amounts at the end of each month for the rest of your life. The annual nominal interest rate is 6% convertible quarterly. This is a type of

Select one:

a. Deferred Perpetuity

b. Simple Perpetuity Due

c. Ordinary Simple Perpetuity

d. General Perpetuity Due

e. Ordinary General Perpetuity