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Calculating deposit neededYou put $6,000 in an account earning 5%. After 2 years, you make another deposit into the same account.Seven years later (that is,
Calculating deposit neededYou put $6,000 in an account earning 5%. After 2 years, you make another deposit into the same account.Seven years later (that is, 9 years after your original $6,000 deposit), the account balance is $20,000.
What was the amount of the deposit at the end of year 2?
The amount of the deposit at the end of year 2 is __
(Round to the nearest cent.)
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