On January 1, 2015, Canden Company started to make annual deposits in order to accumulate $1,000,000 by January 1, 2019. This fund will earn annual interest of 9%. 

Required:

What are the four annual deposits that Canden should make at the beginning of each year. Round your answers to the nearest whole dollar.

I = 9% N = 4 R = FV/FVF

= 1,000,000/4.9847 = 200,614

The Canden company needs to make four annual deposits of $200,614.

Hello this was one our exercice from last week, bur I am not able to understand where the "4.9847" coming from. Can you help me?