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A man turns 4 0 today and wishes to provide supplemental retirement income of $ 3 0 0 0 at the beginning of each month

A man turns 40 today and wishes to provide supplemental retirement income of $3000 at the beginning of each month starting on his 65th birthday. Starting today, he makes monthly contributions of X to a fund for 25 years. The fund earns a nominal rate of 8% compounded monthly. Each $1000 will provide for $9.65 of income at the beginning of each month starting on his 65th birthday until the end of his life. Calculate X

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