You are $22$ years old and you want to have $$1$ million in your retirement account at age $50.$ How much money do you need to imest each year co the nearest $$100,$ if you can get an $8\%$ annual rate of retum on mutual funds that invest in $5P500$ stocks?

A$.395,700$

B$.$ $$10,500$

c$.$ $$5\mathrm{.}600$

D$.$ $$20600$

Rerataluation