Susan plans to make an investment today which promises to return to her $3,000 each year for ten (10) years beginning one year from today. The investment account will earn 6% compounded annually. At the end of ten years, the investment account balance will be zero. Question: Rounding to the nearest whole dollar, what should be the amount of Susan's original investment?

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A: Here, EAR is 6.2% Monthly payment (PMT) is $1,000 Required Amount (FV) is $100,000

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Q: invest

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A: According to the requirement, question (b) is solved.

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