Consider the following scenarios:

Wagner Family

The Wagners have saved $$5,000$ towards their goal to have $$25,000$ for a down payment on a house in $6$ years.

They will put the $$5,000$ in an account along with money they will deposit annually. They don't know how much that annual deposit should be$,$ so they ${?}^{\text{i}\text{v}\text{e}}$ asked you to calculate it$.$

They have found a savings institution that will pay $8\%$ interest.

Audette Family

The Audettes have st a goal to have $$25,000$ for a down payment on a house in $6$ years.

They have not saved anything so far.

They have asked you to calculate how much they will need to put away each year to achieve their $$25,000$ down$-$payment goal.

They have found a savings institution that will pay $8\%$ interest.