If Barry wants to have a lump sum of $60,000 in 5 years' time, how much shall he deposit at the end of each year to get this sum assuming a deposit rate of 5% p.a. effective? $97,325, say, $97,330 $10,235, say, $10,240 $10,858, say, $10,860 $86,637, say, $86,640