Generous Company has agreed to fund a pension program for its employees. It will need to have a fund balance of $5.5 million in 20 years. The company has $1,000,000 to invest right away and does so at 4% compounded semi-annually. It will make additional contributions monthly in arrears for the next 20 years. How much does each monthly contribution need to be if money is assumed to earn 4% compounded monthly over the next 20 years?

	A.	$3,998
	B.	$8,975
	C.	$8,936
	D.	$9,022
	E.	$9,101