(Compound value) The Aggarwal Corporation needs to save $7 million to retire a $7 million mortgage that matures in 12 years. To retire this mortgage, the company plans to put a fixed amount into an account at the end of each year for 12 years, with the first payment occurring at the end of 1 year. The Aggarwal Corporation expects to earn 12 percent annually on the money in this account. What equal annual contribution must it make to this account to accumulate the $7 million in 12 years? In order to retire a $7 million mortgage that matures in 12 years, what equal end-of-year contribution must the Aggarwal Corporation make to an account that earns 12 percent annually? (Round to the nearest dollar.)