Suppose that the parents of a young child decide to make annual deposits into a savings account, with the first deposit being made on the child's fifth birthday and the last deposit being made on the 15th birthday. Then, starting on the child's 18th birthday, the withdrawals as shown on the diagram below will be made. If the effective annual interest rate is 8% during this period of time, what are the annual deposits in years 5 through 15? Use a uniform gradient amount (G) in your solution. Click the icon to view the diagram for cash flows. Click the icon to view the interest and annuity table for discrete compounding when i = 8% per year. More Info The annual deposits in years 5 through 15 are $ (Round to the nearest cent.) More Info 5th Birthday 6 7 8 I I 1 - Single Payment Compound Amount Factor Present Worth Factor To Find F To Find P Discrete Compounding; i = 8% Uniform Series Compound Amount Factor Sinking Fund Factor Capital Recovery Factor To Find F Present Worth Factor To Find P To Find A To Find A Gradient Present Worth Factor To Find P Series Factor To Find A Uniform Gradient Gradient Uniform Given P Given F Given A Given A Given F Given P Given G Given G N F/P P/F F/A A/F A/P P/G A/G 1 1.0800 0.9259 1.0000 0.9259 1.0000 1.0800 0.0000 0.0000 3,100 2 1.1664 0.8573 2.0800 1.7833 0.4808 0.5608 0.8573 0.4808 3 1.2597 0.7938 3.2464 2.5771 0.3080 0.3880 2.4450 0.9487 2,800 2,500 2,200 4 1.3605 0.7350 4.5061 3.3121 0.2219 0.3019 4.6501 1.4040 5 1.4693 0.6806 5.8666 3.9927 0.1705 0.2505 7.3724 1.8465 69 1.5869 0.6302 7.3359 4.6229 0.1363 0.2163 10.5233 2.2763 7 1.7138 0.5835 8.9228 5.2064 0.1121 0.1921 14.0242 2.6937 18 19 20 21 82375 1.8509 0.5403 10.6366 5.7466 0.0940 0.1740 17.8061 3.0985 9 1.9990 0.5002 12.4876 6.2469 0.0801 0.1601 21.8081 3.4910 10 2.1589 0.4632 14.4866 6.7101 0.0690 0.1490 25.9768 3.8713 11 2.3316 0.4289 16.6455 7.1390 0.0601 0.1401 30.2657 4.2395 12 2.5182 0.3971 18.9771 7.5361 0.0527 0.1327 34.6339 4.5957 13 2.7196 0.3677 21.4953 7.9038 0.0465 0.1265 39.0463 4.9402 14 2.9372 0.3405 24.2149 8.2442 0.0413 0.1213 43.4723 5.2731 15 3.1722 0.3152 27.1521 8.5595 0.0368 0.1168 47.8857 5.5945 Years i=8%/yr 9 10 11 12 13 14 15 16 17 A = ? I