You are setting up an education fund for your new baby. You want your child to be able to withdraw the equivalent of $15,000 in today's dollars per year for each of the 5 years they will spend at University. You assume that they will begin at University on their 18^th birthday, and you want to make the first yearly deposit on their first birthday and the last on their 18^th birthday. If inflation is expected to be 7% and interest earned on your investments is expected to be 12%, what is the amount of the equal, annual deposits required?