Suppose Rachel wishes to retire fifty years from today. She needs $8,000 per month once she retires, with the first retirement funds withdrawn one month from the day Rachel retires. Rachel estimates that she will earn effective annual rate of 3.66% on her retirement funds. Rachel also believes she will need funds up and including her 40th birthday after retirement. How much must she deposit each year in her retirement funds, so that she has enough funds for retirement?