To pay for your$$ child's education, you wish to have accumulated $$$$17$ comma $000$ at the end of $11$ years. To do$$ this, you plan on depositing an equal amount into the bank at the end of each year. If the bank is willing to pay $12$ percent compounded$$ annually, how much must you deposit each year to reach your$$ goal?

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Part $1$

To reach your$$ goal, your annual deposit must be $$$

$$

enter your response here. $($Round to the nearest$$ cent.$)$