Question: Required 1 Required 2 Required 3 Johnstone needs to accumulate sufficient funds to pay a $440,000 debt that comes due on December 31, 2026. The

Required 1 Required 2 Required 3 Johnstone needs to accumulate sufficient funds to pay a $440,000 debt that comes due on December 31, 2026. The company will accumulate the funds by making five equal annual deposits to an account paying 6% interest compounded annually. Determine the required annual deposit if the first deposit is made on December 31, 2021. (Round your final answers to nearest whole dollar amount.) Table or calculator function: Future Value: Annual deposit S n= FVAD of $1 440,000 5 6% $ 78,054 < Required 1 Required 3 > Show less A

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