Calculating deposit neededYou put 8,000 in an account earning 6%. After 4 years, you make another deposit into the same account.4 years later (that is, 8 years after your original $ 8,000 deposit), the account balance is $20,000. 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 _________