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(Annuity payments) The Aggarwal Corporation needs to save $5 milion to retire ain) 85 mio mortgage that maturen 16 years to retire this mortgage, the

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(Annuity payments) The Aggarwal Corporation needs to save $5 milion to retire ain) 85 mio mortgage that maturen 16 years to retire this mortgage, the company plans to put a fored amount into an account at the end of each year for 18 years The Aggarwal Corporation expects to earn 12 percent analy on the money in this account What equal annual contration must the firm make to this account to accumulate the $5 million by the end of 16 years? The equal annual contribution the firm must make this account is $. Round to the nearest cent)

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