9 February, 08:18

Tami would like to withdraw $10,364.10 at the end of each year, for 10 years, from an account paying 2.3% compounded annually. Determine the amount needed in the account for Tami to do this. Round to the nearest cent.

a.

$115,052.98

b.

$103,641.00

c.

$91,651.92

d.

$93,759.91

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Tami would like to withdraw $10,364.10 at the end of each year, for 10 years, from an account paying 2.3% compounded annually. Determine the amount needed in the account for Tami to do this. Round to the nearest cent.a.$115,052.98b.$103,641.00c.$91,651.92d.$93,759.91

Tami would like to withdraw $10,364.10 at the end of each year, for 10 years, from an account paying 2.3% compounded annually. Determine the amount needed in the account for Tami to do this. Round to the nearest cent.

a.

$115,052.98

b.

$103,641.00

c.

$91,651.92

d.

$93,759.91