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Deposits to accumulate future sums For the case shown in the following table, determine the amount of the equal, end-of-year deposits necessary to accumulate the

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Deposits to accumulate future sums For the case shown in the following table, determine the amount of the equal, end-of-year deposits necessary to accumulate the given sum at the end of the specified period, assuming the stated annual interest rate. (Click on the icon located on the top-right corner of the data table below in order to copy its contents into a spreadsheet.) Sum to be accumulated $34,800 Accumulation period (years) 12 Interest rate 11% . The amount of the end-of-year annual deposit is $ (Round to the nearest cent.)

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