JACKE is starting university 4 years from today and could like to buy a brand-new MacBook on her first day. The MacBook will cost $2,788, and JACKE would like to set aside an equal amount at the end of each year in an account that will yield a 7% annual return. How much should she set aside per year?

Multiple Choice

$697.00

$627.94

$823.15

$531.81