Personal Finance Problem

Creating a retirement fund Harry Brolin plans to retire after $38$ years and wants to

accumulate $180,000$ when he retires. Harry plans to make equal, end$-$of$-$year de$-$

posits into a savings account paying $8\%$ annual interest.

a$.$ What amount does he need to deposit every year to create $180,000$ in $38$ years?

b$.$ If Josh can afford to deposit only $700$ per year into the account, how much will

he have accumulated in $38$ years?