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Calculating deposit needed You put $7,000 in an account earning 5%. After 5 years, you make another deposit into the same account. Five years

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Calculating deposit needed You put $7,000 in an account earning 5%. After 5 years, you make another deposit into the same account. Five years later (that is, 10 years after your original $7,000 deposit), the account balance is $20,000. What was the amount of the deposit at the end of year 5? The amount of the deposit at the end of year 5 is $. (Round to the nearest cent.)

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