17.

Sarah decides she wants to pursue her lifelong dream to open a bed and breakfast by the beach in ten years. She wants to build the bed & breakfast, so after analyzing costs for land, the construction, and all necessary licenses and operating costs for the first year, she estimates she will need to have saved $3,000,000 in that time. She decides she wants to make quarterly deposits into her savings account for the next 10 years. Assuming a 12% return, what amount will she need to deposit each quarter in order to reach her goal