1. You plan to buy a fishing boat when you retire in exactly 10 years. You will need $15,000 to buy the boat. You want to deposit a constant amount each quarter (starting at the end of the first quarter) into a bank account that pays 4.8%p.a. compounded quarterly. How much does each quarterly payment need to be?

   		$300.94
   		$357.82
   		$474.38
   		$294.38