Your best friend recently visited an investment advisor and received some retirement advice. Given your recently acquired knowledge in finance, your friend asks you if the proposed plan will fact cover her retirement savings: . Your friend expects to live for 25 years post-retirement and would like to make monthly withdrawals of $4,500 from her retirement savings beginning the day she retires. The advisor told your friend, that given her willingness to contribute $10,000 up front and that the proposed investment account pays an APR of 9% with monthly compounding she would need to contribute approximately $808 at the end of each month over the next 20 years to reach her retirement savings. Is the recommendation from this investment advisor accurate? No, my friend only needs to contribute $718.92 monthly to reach her goal. No, my friend would have to contribute $898.87 each month to reach her goal. No, my friend would have to contribute $892.84 each month to reach her goal. Yes, monthly savings of $807.26 would enable my friend to reach her goal. No, my friend only needs to contribute $712.90 monthly to reach her goal