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( Annuity payments ) To pay for your child's education, you wish to have accumulated $ 1 4 , 0 0 0 at the end

(Annuity payments) To pay for your child's education, you wish to have accumulated $14,000 at the end of 9 years. To
do this, you plan to deposit an equal amount into the bank at the end of each year. If the bank is willing to pay 8 percent
compounded annually, how much must you deposit each year to obtain your goal?
The amount of money you must deposit each year in order to obtain your goal is $,.(Round to the nearest cent.)
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