You want to have $$59,000$ in your savings account $7$ years from now, and

you're prepared to make equal annual deposits into the account at the end of

each year. If the account pays $7\mathrm{.}5$ percent interest, what amount must you

deposit each year?

Multiple Choice

$$11,119\mathrm{.}07$

$$8,428\mathrm{.}57$

$$6,714\mathrm{.}22$

$$4,425\mathrm{.}01$

$$4,424\mathrm{.}98$