5. 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 5th birthday and the last deposit being made on the...

Answer number 5

Extracted text: 5. 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 5th birthday and the last deposit being made on the 15th birthday. Then starting on the child's 18th birthday, the withdrawals shown below will be made. If the effective annual interest rate is 8% during this period of time, what are the annual deposits in year 5 to 15? 2800 3200 2400 2000 5 bday 15th bdav 18 19 20 21 A = ?