You just graduated from SMU today and decide to start saving for retirement. Using your knowledge from your FINA 3320 class, you think $2,000,000 for your retirement is adequate when you retire in 35 years. You will save a certain amount of money every month at the beginning of each month for the next 35 years. If you can earn a 8% APR compounded monthly. How big of a deposit you have to make each month?

A. 534

B. 530

C. 866

D. 872