The Aggarwal Corporation needs to save $7 million to retire a $7 million mortgage that matures in 16 years. To retire this mortgage, the Company plans to put a fixed amount into an account at the end of each year for 16 years, with the first payment occurring at the end of 1 year. The Aggarwal Corporation expects to earn 13 percent annually on the money in this account. What equal annual contribution must it make to this account to accumulate the $7 million in 16 years? ... In order to retire a $7 million mortgage that matures in 16 years, what equal end-of-year contribution must the Aggarwal Corporation make to an account that earns 13 percent annually?