5.- An investor wants to contract a savings plan for the tuition fees of his son, who is expected to get enrolled at University in 17 years. To this end, this investor is going to do monthly payments. The tuition fees will be EUR 60,000 in year 17. Determine the monthly payment of the savings plan, given that the first payment will be due next month. The compound (annual) interest rate is equal to 2%.

a. Between EUR 2,120 and EUR 2,160.

b. Between EUR 2,800 and EUR 3,000.

c. Between EUR 240 and EUR 250.

d. None of the above.