A man is disabled in an accident and wants to receive an

Last updated: 8/8/2022

A man is disabled in an accident and wants to receive an insurance payment that will provide him with $2900 at the end of each month for 20 years. If the payment can be placed in an account that pays 9% compounded monthly, what size payment should he seek? He should seek a payment of $ (Simplify your answer. Round to the nearest cent as needed.)