Question: = At time t = 0, Paul deposits Pinto a fund crediting interest at an effective annual interest rate of 7.8%. At the end of

= At time t = 0, Paul deposits Pinto a fund

= At time t = 0, Paul deposits Pinto a fund crediting interest at an effective annual interest rate of 7.8%. At the end of each year in years 9 through 24, Paul withdraws an amount sufficient to purchase an annuity-due of 110 per month for 7 years at a nominal interest rate of 6.6% compounded monthly. Immediately after the withdrawal at the end of year 24, the fund value is zero. Calculate P. [3.a-c #04] O 34,309 36,499 37,229 O 35,039 35,769

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