DRI Enterprises needs to have a lump-sum deposit of $200,000 for the purchase of a surety bond in 6 months. They wish to immediately deposit a sum of cash into a short-term account paying 4% per year, compounded on a monthly basis. How much will they need to deposit into this account to have enough to purchase the bond?

a, $175,890.46.

b. $188,907.43.

c. $196,046.25.

d. $211,013.89.