Your friend is about to retire in five years from today. According to your financial plan for him, he needs $1,600 monthly until death. Assuming life expectancy of 20 years and interest rate 6%, how much your friend needs to have in his bank account today? Keep your answer to four decimal places. Select one: O a $226,229.00 O b. $226,227.00 O c. $226,228.00 O d. $226,225.00 O e. $169,049.97 JS PAGE NEXT PAGE FASSESSMENT: CHAPTER 5 (INDIVIDUAL, LECTURE 6: PARTS 1-2 Jump to... BH pe here to search O