Cola Corp. has agreed to fund a pension program for its employees. It will need to have a fund balance of $2.5 million in 20 years. The company has $500,000 to invest right away and does so at 5% compounded annually. It will make additional contributions monthly in arrears for the next twenty years. How much does each monthly contribution need to be if money is assumed to earn 4% over the next twenty years?

	A.	$3,786
	B.	$2,855
	C.	$3,199
	D.	$3,617
	E.	$2,782