You are an investor in a office complex and you know the parking lot will need to be repaved in five years. No really big trucks drive daily on the surface. You have estimated the cost to be $50,000. How much must be invested at the end of each month for five years, into an account earning a 10 percent annual rate, to have the $50,000 at the end of year five?

		$1,196.69
		$645.69
		$10,000
		$833.33