Question: Rodget's is saving $2,500 a month, starting today, and continuing for 4 years. The firm expects to earn 5.6 percent, compounded monthly. If the firm

Rodget's is saving $2,500 a month, starting today, and continuing for 4 years. The firm expects to earn 5.6 percent, compounded monthly. If the firm had wanted to deposit an equivalent lump sum today, how much would it have had to deposit?

A. $107,286.58

B. $108,601.95

C. $105,330.60

D. $107,787.25

E. $108,998.01

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