You just won the lottery! You wish to put away enough money so that you can withdraw $6,500 per month for 24 years. You can earn 11.1% rate on any funds you deposit. How much will you have to deposit now to meet your goal? (Note: Withdrawal frequency matches compounding frequency.)

A.

$536,773

B.

$712,179

C.

$594,551

D.

$771,203

E.

$480,100

F.

$886,890

G.

$829,659

H.

$653,143