48. Dr. J. wants to buy an IBM personal computer which will cost $2,788 four years from today. He would like to set aside an equal amount at the end of each year in order to accumulate the amount needed. He can earn a 7% annual return. How much should he set aside? A) $697.00 B) $627.94 C) $823.15 D) $531.81 Ans: B DifcultV: Med TVDe: ADD