Accumulating a growing future sumPersonal Finance Problem

A retirement home at Deer Trail Estates now costs $158,000. Inflation is expected to cause this price to increase at 6% per year over the 19 years before C. L. Donovan retires. How large an equal annual end-of-year deposit must be made each year into an account paying an annual interest rate of 8%

for Donovan to have the cash to purchase a home at retirement?

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