JYP International has a one-time expense of $5 million that must be paid five years from now. Since the firm cannot raise that amount in one day, it wants to save an equal amount each month over the next five years to fund this expense. If the firm can earn 3 annual percent monthly compounding on its savings, how much must it save each month? $55.578 per month $44,282 per month $77,343 per month $65.855 per month