A financial advisor tells your parents that they can make you a millionaire if your parents just start saving early. Your parents decide to put an equal amount in the beginning of each year into an investment account that earns 7 interest per year, starting on the day you is born. How much would your parents need to invest each year (rounded to the nearest ringgit to accumulate a million for you by the time your age reach 35 years old? (Your last deposit will be made on his 34th birthday.)

Select one:

a. RM20,347

b. RM7,910

c. RM12,500

d. RM6,760