In 10 years, Longin Company will have to repay a $60,000 loan for equipment that the company needed. Their lender is very forgiving and gave them the $10,000 but told them that they only had t make one big lump sum payment in ten years to pay off the loan. Assuming that Longin can receive a steady 4% interest rate that is compounded quarterly, how much must Longin deposit into this account each quarter to have the $60,000 at the end of 10 years?