Question: PLEASE ANSWER ASAP 3) How much money does George need to have in a retirement savings account today if he wishes to withdraw $31,000 a

PLEASE ANSWER ASAP

3) How much money does George need to have in a retirement savings account today if he wishes to withdraw $31,000 a year for 30 years starting at the end of this year? He expects to earn an average rate of return of 7.15 pereent. Also, is this an Ordinary Annuity or Annuity Due? A) $393,388.77; Ordinary Annuity B) $378,954.14; Ordinary Annuity C) $339,752,80; Ordinary Annuity D) 5435,731.86; Annuity Due F) $435.731.86; Ordinary Annuity

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