Travis International has a debt payment of $2.15 million that it must make 3 years from today. The company does not want to come up with the entire amount at that time, so it plans to make equal monthly deposits into an account starting 1 month from now to fund this liability. If the company can earn a return of 4.38 percent compounded monthly, how much must it deposit each month?

Travis International has a debt payment of $2.15 million that it must make 3 years from today. The company does not want to come up with the entire amount at that time, so it plans to make equal monthly deposits into an account starting 1 month from now to fund this liability. If the company can earn a return of 4.38 percent compounded monthly, how much must it deposit each month? Multiple Choice 55722 556700.52 55022 500 556,90215