From the time Mr and Mrs Mojadifa's daughter was born, they decided to save for her university education. They assume their daughter will require P2 500 per month for her four years of study, payments being made at the beginning of each month. Assume 6% p.a. interest is compounded monthly. What is the lump sum required to fund the daughter's education at varsity?

Select one:

A. 42 793.32

B. 109 009.71

C. 151 803.03v