8. Horatio has a future value retirement savings need of $825,000. His planned retirement date is 15 years from now, and he believes he can achieve an 8.5% annual after-tax return on invested funds throughout this period. Using the level payment approach, calculate the amount of the annual payments required for Horatio to make at the end of each year to accomplish his stated retirement savings need. (Round your answer to the nearest dollar.) A. $29,222 B. $54,266 C. $99,347 D. $55,000