A retirement home at Deer Trail Estates now costs$154,000. Inflation is expected to cause this price to increase at5% per year over the17 years before C. L. Donovan retires. If Donovan earns 9% on his investments, ow large must an equal, end-of-year deposit must be to provide the cash needed to buy the home17years from now?

The equal, annual end-of-year deposit to be made each year into the account is$enter your response here.(Round to the nearest cent.)