Dave is going to contribute $300 per month on the first day of each month into a retirement account starting today for 30 years. If Dave can earn a monthly rate of 0.5%, the amount he will he have in his retirement account 40 years from now is closest to what value? Yes, you heard me right, Dave is making monthly payments for 30 years (at the beginning of each month), but no payments are made for the last 10 years; however, you want to know the value of these payments 40 years from today. Assume monthly compounding. a. $548,000 b. $552,000 c. $550,000 d. $551,000 e. $549,000