Elizabeth is saving $1600.00 at the beginning of each month. How soon can he retire if he wants to have a retirement fund of $345 000.00 and interest is 11.04% p.a. compounded monthly? A. 119 months B. 127 months C. 131months D. 133months E. 138 months F. 141 months G. 143months H. 148months I. 152 months J. 154 months K. 158 months L. 162 months M. 167months.

1. Elizabeth is saving $1600.00 at the beginning of each month. How soon can he retire if he wants
to have a retirement fund of $345 000.00 and interest is 11.04% p.a. compounded monthly? A.
119 months B. 127 months C. 131months D. 133months E. 138 months F. 141 months G.
143months H. 148months I. 152 months J. 154 months K. 158 months L. 162 months M.
167months