National Research Council is considering the establishment of $$2$ million endowment held in perpetuity of a Visiting Professor chair at UOIT. The ongoing cost will be $$12500$ at the end of each month. What monthly compounded nominal rate of return must be earned to fully fund the position?Question $1$ Select one:A$\mathrm{.}7\mathrm{.}5\%$B$\mathrm{.}6\%$C$\mathrm{.}0\mathrm{.}075\%$D$\mathrm{.}6\mathrm{.}25\%$E$\mathrm{.}0\mathrm{.}625\%$