You Wish to Save $2,500,000 for Your Retirement by Saving

Multiple Choice

You wish to save $2,500,000 for your retirement by saving a certain sum every month for the next 40 years.If you can earn 9% compounded monthly,and you make your deposits at the BEGINNING of each month,how much would you have to deposit each month to achieve your objective?

A) $616.59
B) $534.04
C) $565.67
D) $530.06
E) None of the above