xc

Calculating deposit neededYou put

$9,000

in an account earning

3%.

After

3

years, you make another deposit into the same account.

Five

years later (that is,

8

years after your original

$9,000

deposit), the account balance is

$25,000.

What was the amount of the deposit at the end of year

3?

The amount of the deposit at the end of year

3

is

$nothing.

(Round to the nearest cent.)