Mr. R. V. Winkle has finally awakened to the fact that he needs to start saving for retirement. He believes the he will need $ 2,000,000.00 to retire on in thirty years. His retirement account has nothing in it now. If he can earn eight percent on his contributions, how much should he contribute to his retirement account each month?

Select one:

a. 1,040.87

b. 1,140.87

c. 1,240.87

d. 1,341.96

e. 1,440.87