Zeynep would like to buy her parents a present for their 15th wedding anniversary. The present will cost $6550 and she has 4 years to accumulate this money. How much must Zeynep deposit annually in an account paying 4.7 percent interest in order to have enough money to buy the present?

a.

1526.47

b.

1259.83

c.

1704.44

d.

1301.69

e.

1720.64