You estimate that you will need $4,500,000 when you retire in 45 years to finance your retirement. To reach your retirement goal, you will make a monthly payment into a retirement account. The retirement account pays an APR of 5.5% compounded monthly. What must be the size of your monthly payment in order for you to reach your retirement goal.
A.$3.189.79
B.$1907.12
C.$2,004.57
D.$1,761.99
E.$1,318.36