34. Dr. Firas Barakat the dean of business and economics faculty at Al-Quds university plans to have a fixed amount from his monthly pay directly deposited into an account that pays 5.5% interest, compounded monthly. If he gets paid on the first day of the month and wants to accumulate$13,000 in the next three-and-a-half years, how much should he deposit each month?

a.

300.98

b.

280.11

c.

300.00

d.

290.23