You are purchasing a new machine every 5 years. The new machine costs $55000. You want to start depositing a fixed amount at the beginning of every other month (e.g., January, March, May, etc.). If the interest rate is 6%, what amount would you deposit every time to save $55000 at the end of the 5th year?

		1581.15
		855.72
		1565.49
		None of the other 3 answers