please answer the question on paper and dont use excel

8. As part of your personal budgeting process, you have determined that in each of the next 5 years you will have budget shortfalls. In other words, you will need the following amounts listed at the end of the given year to balance your budget. You expect to be able to earn 8% annually years and wish to fund the budget shortfalls with a single deposit today. a. End of year 1 Budget shortfall of $5,000 b. End of year 2 Budget shortfall of $4,000 c. End of year 3 = Budget shortfall of $6,000 d. End of year 4 = Budget shortfall of $10,000 e. End of year 5 = Budget shortfall of $3,000 Determine how large the single deposit today must be to cover the anticipated budget shortfalls? on your investments during the next 5 a. $22,214.03