I wish to have $2,000,000 when I retire in 30 years time. What is the monthly contribution I need to make assuming I can earn 8% p.a. compounding monthly and the first cash flow is in one month's time?

Select one:

a.

$1,431.69

b.

$1,236.75

c.

$1,341.96

d.

$5,555.56