Jamal plans to retire in 17 years. He is saving $2000 every month in a retirement savings account paying him a long-term interest of 9% compounded semi-annually. What will be the size of his payments per month from the ordinary annuity for 20 years following his retirement?
A)$957 836
B)$8721
C)$8618
D)$941 547
E)$8372