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Calculating deposit needed You put $8,000 in an account earning 4%. After 5 years, you make another deposit into the same account. Three years later
Calculating deposit needed You put $8,000 in an account earning 4%. After 5 years, you make another deposit into the same account. Three years later that is, 8 years after your original $8,000 deposit), the account balance is $25,000. 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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