In four years, you would like to buy a small cabin in the mountains. You estimate that the property will cost you $52,500 when you are ready to buy. How much money would you need to invest each year...

In four years, you would like to buy a small cabin in the mountains. You estimate that the property will cost you $52,500 when you are ready to buy. How much money would you need to invest each year in an account bearing interest at the rate of 6 percent per year in order to accumulate the $52,500 purchase price?