Dave is going to contribute $200 per month on the first day of each month into a retirement account starting today for 30 years (360 monthly payments). If Dave can earn a monthly rate of 1%, the amount he will he have in his retirement account 30 years from now is closest to what value? Assume monthly compounding. a. $695,000 b. $710,000 c. $700,000 d. $705,000 e. $690,000