Jill just turned 30. After consulting a financial planner and laying out her retirement goals she calculates that she will need to have a balance of $500,000 in her retireme account to supplement social security she plans to start collecting when she turns 67. She plans to start saving immediately and to invest her funds in a market index fund that is expected to have an a annual return of 7.5% over 37 years she will ne saving money for retirement. How much money does Jill need to save and invest each month in order to reach the goal of having $500,000 by the time she retires at 67?

A. $211.03

B. $195.10

C. 209.72

D. 227.53