QUESTION $11$

You estimate that you will need $$3,000,000$ 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 $8\mathrm{.}0\%$ compounded monthly. What must be the size of your monthly payment in order for you to reach your retirement goal.

A$.$ $$568\mathrm{.}77$

B$.$ $$1907\mathrm{.}12$

C$.$ $$618\mathrm{.}97$

D$.$ $$723\mathrm{.}81$

E$.$ $$240\mathrm{.}57$