.............................

Q: Two years ago, on June 24th, 2018 you started saving for a bike. At that time, you made your rst of a sequence of 5 consecutive equal deposits to pay for the bike. Last year, on June 24th, 2019, when you made your second deposit, your dad chipped in $500 to help you along your way to your goal of having $10,000 in three year's time (which will be June 24th, 2023). Today, on June 24th, 2020, you made your third, cut of the ve deposits. Figure out what the deposits are such that you reach your goal. The interest rate over the entire period is 10%