Ms. Bowers wants to be able to purchase a 20-year annuity at age 62 that will pay her $3500 at the beginning of each month. She makes her first quarterly contribution to an RRSP on her thirty-fifth birthday and continues them up to but not including her sixty-second birthday. What should be the amount of each contribution? Assume that her RRSP will earn 8% compounded quarterly and that the money used to purchase the annuity will earn 4.8% compounded monthly.