A corporate treasurer wishes to accumulate $20,000,000 thirty years from today (at the end of year 30). He plans to make semiannual deposits into an account offering 8 percent per year compounded quarterly. The first deposit will be made three years from today (at the end of year 3) and the last deposit will be made at the end of year 20. What must be the amount of these equal semiannual deposits to accumulate the required $20,000,000 balance?

$258,912.92 $128,657.96 $121,996.45 $269,373.00