REACHING A FINANCIAL GOAL Six years fromtoday you need $10,000. You plan to deposit

$1,500 annually, with the first payment to bemade a year fromtoday, in an account that pays an 8% effective annual rate. Your last deposit, whichwill occur at the end of Year 6, will be for less than $1,500 if less is needed to reach $10,000. How large will your last payment be?

AppendixLO1