Mr Chips, Inc

Multiple Choice

Mr. Chips, Inc. wishes to accumulate $2,000,000 to be used to pay off a loan at the end of 10 years.
How much will Mr. Chips deposit each year for 10 years (rounded to the nearest dollar) , beginning at the end of the first year, to accumulate the desired amount if the investment earns an annual rate of 6%?

A) $151,736
B) $143,147
C) $259,215
D) $200,000