Your grandparents put $$12,200$ into an

account so that you would have

spending money in college. You put the

money into an account that will earn an

APR of $4\mathrm{.}59$ percent compounded. If

you expect that you will be in college

for $4$ years, how much can you

withdraw each month?

Multiple Choice

$$277\mathrm{.}64$

$$283\mathrm{.}99$

$$278\mathrm{.}70$

$$641$