In the provided scenario, you address the time value of money also known as discounted cash flow analysis. This type of analysis is crucial to being able to viably analyze financial statements.

The start$-$up firm you founded is trying to save $$10,000$ in order to buy a parcel of land for a proposed small warehouse expansion. In order to do so$,$ your finance manager is authorized to make deposits of $$1250$ per year into the company account that is paying $12\%$ annual interest. The last deposit will be less than $$1250$ if less is needed to reach $$10,000.$

How many years will it take to reach the $$10,000$ goal and how large will the last deposit be$?$

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