A savings plan to accumulate the targeted amount given below is being setup. The plan will start with a payment now and repeat the same amount at the end of each year for the first 8 years. The following years double that amount will be deposited with the last deposit made when the target in reached at the end of the year given for withdrawal. What is the initial deposit and the deposit made for 8 years required to meet the savings goal?

Savings Target	Withdrawal End Year	Interest Rate
380,000	16	7%