Today Jack opens a new savings account and plan to begin depositing equal amounts at the beginning of each year for 7 years, including the deposit he makes today. There will only be these 7 deposits and no withdrawals. Assume the interest rate he will earn is 6%. If he wants his account balance to be exactly $30,000 at the end of 7 years, what must be the amount of each deposit?

Please do not round intermediary calculations. Round final answer to two decimal places Please show all work.