You need to start making monthly withdrawals of $8,500 at the beginning of each month starting today, for 25 years from your personal account. This account pays 6.5% return compounded monthly, how much money do you need in your account today?

Choose the correct answer:

$1,265,691.80

$2,550,000

$1,258.872.90

1,984,310.92

2,365,124.98