Gail feels that she will require $80,000 to fund her daughter's post-secondary education. If Gail currently has no savings but is willing to set aside a specific amount at the beginning of each month for the next 10 years, how much does she need to save each month in order to meet her $80,000 objective? Assume an annual nominal return of 6%, compounded monthly, and disregard any taxes or grants.

Question 4 options:

	$485.74
	$488.16
	$1,257.86
	$1,333.33