parents want to accumulate $$100,000$ to be used for their childs college education. The parents would like to have the amount available on December $31,2029.$ Assume that the funds will accumulate in an account paying $8\%$ interest compounded annually. Answer each of the following independent questions. If they were to make five equal deposits on each December $31,$ beginning on December $31,2025,$ what is the required amount of each deposit? How should the parents report the annual interest which is earned on the account on the income tax return?