Question: Benjamin currently has $ 2 5 , 8 0 0 . 0 0 saved. He plans to save $ 7 4 , 8 0 0

Benjamin currently has $25,800.00 saved. He plans to save $74,800.00 per year for 5 years, with his first annual savings contribution expected in 1 year. He then plans to withdraw $142,000.00 per year for as long as he can. Benjamin expects to earn 12.86 percent per year. How many payments of $142,000.00 can Benjamin expect to receive if his first annual payment of $142,000.00 is received in 5 years?
A number less than $1.00 or a number greater than $6.00
A number equal to or greater than $1.00 but less than $3.00
A number equal to or greater than $3.00 but less than $3.00
A number equal to or greater than $4.00 but less than $6.00
A number equal to or greater than $3.00 but less than $4.00
 Benjamin currently has $25,800.00 saved. He plans to save $74,800.00 per

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