Ruby harper is the grants and services director for the greater columbus arts council. recently, she posted to her blog that she loves her job because it is something she’s good at, it changes often, and “the possibilities feel immense.” these are intangible but provide personal satisfaction of great value to her.

Zendor company wants to have $200,000 available in august 2021 to make an equipment purchase. to be able to have this amount available, zendor will make equal annual deposits in an investment account earning 12% annually in june 2017, 2018, 2019, 2020, and 2021. what is the dollar amount that must be deposited each of those years to achieve this objective?