A year-end bonus of $15,000 will generate how much money at the beginning of each month for the next year, if it can be invested at 6.48%, compounded monthly? Round your answer to the nearest cent.
?

A. $1,536.61
B. $1,287.36
C. $7,520.20
D. $2,533.78
E. $664.47


Answer: B

Mathematics

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