Question: Cory wants to have exactly $13000 in their investment account in exactly 12 years. They plan to make exactly 12 annual deposits to their account

Cory wants to have exactly $13000 in their investment account in exactly 12 years. They plan to make exactly 12 annual deposits to their account starting in exactly 1 year. They believe that they will earn an annual compounded rate of return of 8.7%. What is the exact amount of the required annual deposits? [Round your final answer to 2 decimal places (e.g. 4.56). DO NOT use commas in your response.]

Annual Deposit = $?

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