Accumulating a growing future sumPersonal Finance ProblemA retirement home at Deer Trail Estates now costs

$ 144, 000 . Inflation is expected to cause this price to increase at 6% per year over the 21 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 9%

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.)