Scott wants to accumulate \(\$ 2,500\) over a period of 7 years so that a cash payment can be made for roof maintenance on his summer cottage. To have this amount when it is needed, he will make annual deposits at the end of each year into a savings account that earns 8 percent annual interest per year. How much must each annual deposit be?

a. \(\$ 244\)

b. \(\$ 259\)

c. \(\$ 280\)

d. \(\$ 357\)