You have just married and will plan on having one child, expected to be born one year from now. You plan to send your first child to the USA for university studies when he/she reaches the age of 18. You anticipate requiring $1.5 million to finance his/her education for the fouryear university education. Assume you want to have $1.5 million when he/she reaches 18. How much must you save per month for the next nineteen years to ensure that you have $1.5 million nineteen years later? Assume that you could reinvest your monthly savings at 5% per annum (or 5/12% monthly). A. $3954.166 B. $4214.268 C. $3781.23 D. $3148.38 E. $3877.44