Your goal is to have $340,000 in 16 years. Given a 8% annual return, if you fund the account once every year with fixed payments (with the first being one year from now; i.e., 16 payments from time nodes 1 to 16 ), how much would each payment have to be? Note: Show your answer in units of dollars, use plain numbers with at least two digits after the decimal (e.g., for $12,345.6789, type 12345.68 )