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 i 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 18th birthday, and you want to make the first yearly deposit on their first birthday and the last on their 18 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?