At the beginning of the fiscal year, Remington purchased a mold for manufacturing powdered metal firearm parts for \($120,000.\) The estimated salvage value after 8 years is \($10,000.\) Suppose they wish to make end-of-year deposits into an account earning 9 percent over the life of the mold in order to have enough money to purchase another

\($120,000\) mold in 8 years.

a. What is the equal annual deposit to the fund?

b. Counting both the deposit and the interest earned, what will be the increase in the account value in year 6?

c. The answer to Part b is also known as the allowance in year 6 using what kind of depreciation?

d. What will be the total value of the account at the end of 8 years?