Your goal is to have $12,500 in your bank account by the end of six years. If the interest rate remains constant at 3% and you want to make annual identical deposits, how much will you need to deposit in your account at the end of each year to reach your goal? (Note: Round your answer for PMT to two decimal places.)

$1,352.73

$2,125.72

$1,932.47

$2,318.96