URGENT

On December 31,2007 , your parents opened a savings account with an 8% interest rate for you and put an equal amount of money in it every year until (and including) December 31, 2022. Your parents make no more contributions. You deposit \$2,500 per year into the same account while in college (December 31, 2023 until and including December 31,2026 ). Immediately after you make that last deposit of $2,500 on December 31,2026 , your bank balance is $70,000. Q: What was the magnitude of the equal, annual deposits your parents made to the account? Include the cash flow diagram in your supporting work