Deposits to accumulate future sumsFor the case shown in the following table,

determine the amount of the equal, annual, 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	Accumulation period (years)	Interest rate
$38 ,300 7yrs 12%

%

the amount of the end-of-year annual deposit is $________.

(Round to the nearest cent.)