David has a bank account which pays interest at the rate of 1. 5% per year, compounded annually. Determine what amount David must have in the bank, given that he would like to draw an annual salary of $32,635. 15 from his account at the end of each year for 30 years. Round to the nearest cent. A. $783,760. 48 b. $979,054. 50 c. $1,225,080. 50 d. $795,516. 88 Please select the best answer from the choices provided A B C D.
