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You would like to buy a jet ski in 4 years. It will cost $7500. You have saved $800 and plan to save an additional

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You would like to buy a jet ski in 4 years. It will cost $7500. You have saved $800 and plan to save an additional amount every year beginning one year from today for the next 4 years. If the bank pays 4% EAR on your savings account, how much will you need to invest each year beginning one year from today in order to have a total of $7500 4 years from now? 1 (round to the nearest dollar)

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