Alain Dupre wants to set up a scholarship fund for his school. The annual scholarship payment is to be $1,500 with the first such payment due four years after his deposit into the fund. If the fund pays 7.1% compounded annually, how much must Alain deposit? He must deposit $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

Alain Dupre wants to set up a scholarship fund for his school. The annual scholarship payment is to be \\( \\$ 1,500 \\) with the first such payment due four years after his deposit into the fund. If the fund pays \7.1 compounded annually, how much must Alain deposit? He must deposit \\$ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)