Do the problem by hand:

3.28 Consider the following cash flow series. Determine the required annual deposits (end of year) that will generate the cash flows from years 4 to 7. Assume the interest rate is 6%, compounded monthly. 3.28 Consider the following cash flow series. Determine the required annual deposits (end of year) that will generate the cash flows from years 4 to 7. Assume the interest rate is 6%, compounded monthly