You are planning your retirement and you come to the conclusion that you need to have saved $1,250,000 in 30 years. You can invest into an retirement account that guarantees you a 5% return. How much do you have to put into your account at the end of every month to reach your retirement goal?

a) 1,501.94

b) 1,567.86

c) 3,472.22

d) 2,526.27