Question 3 (3 marks): Jenny currently has $70,000 saved up in her savings account. She would like her savings to be $500,000 when she retires in 20 years. She would like to make equal monthly deposits into her savings account to achieve her goal. How much does she need to deposit at the end of each month from now until she starts her retirement? Her savings account pays 6.7% p.a. compounded quarterly