You are saving for retirement. To live comfortably, you decide that you will need $2.5 million dollars by the time you are 65. If today is your 30th birthday, and you decide, starting today, and on every birthday up to and including your 65th birth- day, that you will deposit the same amount into your savings account. Assuming the interest rate is 5%, the amount that you must set aside each and every year on your birthday is closest to:

A) $71,430 B) $27,680 C) $25,830 D) $26,260