Jerry rockness needs $40,000 to pay off loan due on December 31, 2025. His plans included the making of 10 annual deposits beginning on December 31,2016, in accumulating a fund to pay off the loan. Without making a precise calculation, jerry made 3 annual deposits of $4,000 each on December 31 , 2016, 2017 and 2018 which have been earning interest at 10% compounded annually. What is the equal amount of each of the next 7 deposits for the period December 31, 2019 to December 31, 2025 to reach the fund objective assuming that the fund will continue to earn interest at 10% compounded annually? Round answer to two decimal places