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Use the following 7% interest factors. Present Value of Ordinary Annuity Future Value of Ordinary Annuity 7 periods 5.3893 8.65402 8 periods 5.9713 10.25980 9

Use the following 7% interest factors. Present Value of Ordinary Annuity Future Value of Ordinary Annuity 7 periods 5.3893 8.65402 8 periods 5.9713 10.25980 9 periods 6.5152 11.97799 Marigold Corp. wishes to accumulate $ 1800000 by May 1, 2028 by making 8 equal annual deposits beginning May 1, 2020 to a fund paying 7% interest compounded annually. What is the required amount of each deposit? O $ 174565 O $ 163965 O $ 175442 O $ 301442

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