At the beginning of each month, P 200 is deposited into a retirement fund. The fund earns 6% compounded monthly, and paid into the account at the end of the month. How much is in the account if...

Extracted text: At the beginning of each month, P 200 is deposited into a retirement fund. The fund earns 6% compounded monthly, and paid into the account at the end of the month. How much is in the account if deposits are made for 20 years? P 42,940 P 82,870 P 92,870 P 32,940