Serena Williams Corporation, having recently issued a $20,043,000, 15-year bond issue, is committed to make annual sinking fund deposits of $624,900. The deposits are made on the last day of each year and yield a return of 10%.

Determine the amount of deficiency. (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.) Use future value of an ordinary annuity of 1