Question: 12. -/1 points HarMathAp 12 6.4.047. D My Notes Ask Your Teacher The terms of a single parent's will indicate that a child will receive

12. -/1 points HarMathAp 12 6.4.047. D My Notes Ask Your Teacher The terms of a single parent's will indicate that a child will receive an ordinary annuity of $11,000 per year from age 18 to age 24 (so that the child can attend college) and that the balance of the estate goes to a niece. If the parent dies on the child's 14th birthday, how much money must be removed from the estate to purchase the annuity? Assume an interest rate of 57, compounded annually. Round your answer to the nearest cont.) Need Help? Redh e te ar

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