Barney and Bambi Barley are new parents. Their daughter, Barramundi, was born today. Barney and Bambi want Barramundi to have one million dollars on her 40th birthday. To save enough, Barney and Bambi will make equal-sized quarterly deposits. The first one will be in one quarter, and the last one will be on Barramundi's 40th birthday. Suppose the interest rate is 8% simple annual rate. How large do the deposits have to be in order to have the $1 million in forty years?