To support the families with low income, government plans to provide subcidy up to six year...

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To support the families with low income, government plans to provide subcidy up to six year to the families who are eligible. How much does the government need to put aside now with a 12.5% compound interest rate in order to support one family to have end-of-year subcidies of $1000, $940, $880, $820, $760 and $700 for the next six years, respectively? The government need to put aise $ (Please keep two decimal places) To support the families with low income, government plans to provide subcidy up to six year to the families who are eligible. How much does the government need to put aside now with a 12.5% compound interest rate in order to support one family to have end-of-year subcidies of $1000, $940, $880, $820, $760 and $700 for the next six years, respectively? The government need to put aise $ (Please keep two decimal places)