On March 15, 2010, Ashe Corp. adopted a plan to accumulate

$1,000,000 by September 1, 2014. Ashe plans to make four equal annual deposits to a fund that will earn interest at 10% compounded annually. Ashe made the first deposit on September 1, 2010. Future value and future amount factors are as follows:

Future value of $1 at 10% for 4 periods 1.46 Future amount of ordinary annuity of $1 at 10%

for four periods 4.64 Future amount of annuity in advance of $1 at 10% for four periods 5.11 Ashe should make four annual deposits (rounded) of

a. $250,000

b. $215,500

c. $195,700

d. $146,000