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You want to deposit amounts in the bank at the end of 2011, 2012, 2013 and 2014, so that you have $1259.71 in your account

You want to deposit amounts in the bank at the end of 2011, 2012, 2013 and 2014, so that you have $1259.71 in your account on 1 January 2015. Calculate how large each of your payments would need to be if the bank compounds quarterly at 8% p.a.

A. $251.63

B. $278.55

C. $213.19

D. $314.93

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