You plan to retire with $800,000 in 20 years. How much should you deposit each month into an account that pays 9% annual rate compounded monthly? (Note: Compounding frequency is the same as the deposit frequency. Answers are rounded.)
A. $1,198
B. $1,709
C. $1,080
D. $1,124
E. $1,276
F. $2,056