iv) parco, and of each year in an account that pays 5% interest annually. How much...

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iv) parco, and of each year in an account that pays 5% interest annually. How much money will Sparco have at the end of eight years? (6 Marks) Suppose Sparco Inc decides that they need to have $5,300 at the end of the eight years. How much will they have to deposit at the end of each year for the next eight years? (6 Marks) Question 3 (25 Marks) iv) parco, and of each year in an account that pays 5% interest annually. How much money will Sparco have at the end of eight years? (6 Marks) Suppose Sparco Inc decides that they need to have $5,300 at the end of the eight years. How much will they have to deposit at the end of each year for the next eight years? (6 Marks) Question 3 (25 Marks)