1. Your goal is to have $130,000 in 10 years. To accumulate this amount, you plan to deposit each year an equal sum in the bank, which will earn 8% compounded annually. Your first payment will be made at the end of the year. You know today that at the end of 4 years, you will receive a gift of $25,000 and deposit this in the bank toward your goal. In addition to the gift, how much must you deposit in equal annual deposits to reach your goal?