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A corporation creates an annuity and needs to make annual deposits for 11 years. The annual deposits will earn interest at a rate of 7.4%

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A corporation creates an annuity and needs to make annual deposits for 11 years. The annual deposits will earn interest at a rate of 7.4% per year, compounded annually. How much should they pay each year, in order to have $11,000,000 at the end of 11 years? Format answer rounded to 2 decimal places, with no dollar signs, no spaces, and no commas. Examples: 4365.1712135.00

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