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Calculating deposit needed You put $9,000 in an account earning 5%. After 4 years, you make another deposit into the same account. Three years
Calculating deposit needed You put $9,000 in an account earning 5%. After 4 years, you make another deposit into the same account. Three years later (that is, 7 years after your original $9,000 deposit), the account balance is $25,000. What was the amount of the deposit at the end of year 4? The amount of the deposit at the end of year 4 is $ 10,656.39. (Round to the nearest cent.)
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