The Ajax Co. just decided to save $1, 500 a month for the next five years as a safety net for recessionary periods. The money will be set aside in a separate savings account which pays 3.25% interest compounded monthly. It deposits the first $1.50 today. If the company had wanted to deposit an equivalent lump sum today, how much would it have had to deposit? $83, 687.23 $84, 998.01 $83, 189.29 $82, 964.69 $83, 428.87