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CEE 307 - Section 1004 - Engineering Economics, Fall 2021 Submit Test Question 12 This Test: 100 pts possible = Test: Mid Term Exam 1 (Fall 21) John Rebel opens a special investment account for a major future business purchase. He plans to make uniform annual deposits for the next 10 years in the account which is expected to earn an annual nominal interest rate of 6% compounded monthly . If he wants the account to have $3,000,000 at the end of the 10 years, how much should he deposit each year? O A. $407,700 B. $227,700 B O C. $411,000 O D. $225,900