Merida wants to have $50,000 in an investment account 5 years from now. The account will pay 4.8 percent interest, compounded monthly. If she saves money every month, starting one month from now, how much will she have to save each month to reach her goal?

Group of answer choices

$9,084.97

None of the answers is correct.

$789.48

$961.83

$510.84