hand written please

2. You would like to have $75,000 in 14 years . to accumulate this amount, you plan to deposit each year an equal sum in the bank which will earn 8 percent interest compounded annually. Your first payment will be made now. a)How much must you deposit annually to accumulate this amount? b) If you decide to make a single deposit today instead of the annual deposit, how large should this single deposit be? (6 marks)