A small foundry agrees to pay

$280,000 two years from now to a supplier for a given amount of coking coal. The foundry plans to deposit a fixed amount in a bank account every three months, starting three months from now, so that at the end of two years the account holds

$ 280 comma 000

$280,000. If the account pays

5.1 %

5.1% APR compounded monthly, how much must be deposited every three months?

A. $43,500

B. $40,154

C. $33,461

D. $36,808