need help with this please!!

2. The answer to the previous problem may seem surprisingly low to you. Let us now make things more realistic by taking the effect of inflation into account. To have a nest egg with $1.5 million in purchasing power in today's money, you will need to have an amount significantly higher than $1.5 million in your retirement account 50 years from now. In other words, if we assume an average inflation rate of 3% per year (the average annual rate of inflation in the US for the past 40 years or so), the amount you will need to have is no longer $1.5 million but $1.5 million (1.03)50. Now use this figure to recompute how much you need to set aside each month to reach your goal in 50 years while still assuming a 7.2% return.) a. $853 b. $986 c. $1,074 d. $1,121