Question: Five equal annual contributions are to be made to a fund, with the first deposit on December 31,2016. Determine the equal contributions that, if invested

Five equal annual contributions are to be made to a fund, with the first deposit on December 31,2016. Determine the equal contributions that, if invested at 10% compounded annually, will produce a fund of $30,000 on December 31, 2021. Round your answer to two decimal places.

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