Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin

Exercise 49

In order to have cash available for unforeseen emergencies, Baring Systems, a military contractor, wants to have $2,000,000 in a contingency fund 4 years from now. The amount the company must deposit each year in years 0 through 4 at an interest rate of 10% per year is closest to:
a) $420,100
b) $327,600
c) $284,600
d) $206,900