You plan to buy property in Florida 10 years from today. To do this, you estimate that you will need $45,000 at that time for the purchase. You would like to accumulate these funds by making equal annual deposits into your savings account, which pays 8 percent annually. If you make your first deposit at the end of this year, and you would like your account to reach $45,000 when the final deposit is made, what amount do you need to deposit annually?