Travis International has a debt payment of $2.29 million that it must make 5 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 5.08 percent compounded monthly, how much must it deposit each month? Multiple Choice $33,463.11 $35,845.09 $33,604.77 $38,166.67 $34,480.88