4 Klaus makes a $1,000 deposit to his retirement account today, the first day of the month, and he continues to do so on the first of each month for 25 years. How much will he have when he retires if he can earn a monthly rate of 0.5 percent? Assume his employer will match each of his contributions. A $692,994 B $696,459 $1,385,988 $1,392,918 E $1,408,819