Question: Can you help me solve this ? You are managing the investments of a pension fund. You have to make a payment to your customer

Can you help me solve this ?

You are managing the investments of a pension fund. You have to make a payment to your customer in 12 months. The amount of the payment is equal to $1,500,000 How much do you have to invest each month, starting next month, for 11 months to exactly provide for the payments if your investments earn 5.00% APR (compounded monthly)? $132.992 $137,647 $127,877 $136,982

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