Personal Financial Planning (B) (32 points) a. After obtaining your first job you decide to make contributions to your personal retirement plan. You determine that you will need $3,500,000 when you retire in exactly forty-four years and your first contribution will be made in one month. If you believe that you can earn an APR of 8.4 percent, compounded monthly, and can increase your contributions by .1 percent (.001) per month, what should be the amount of your first monthly payment? (Ignore income tax considerations) (8 points)