Question: Please this is urgent, how can we solve for this You need to accumulate $10,000. To do so, you plan to make deposits of $1,500

Please this is urgent, how can we solve for this

You need to accumulate $10,000. To do so, you plan to make deposits of $1,500 per year, with the first payment being made one year from now. The investment earns 8% compounded annually. Your last deposit will be less than $1,500 if less is needed to round out to $10,000. How large will your last deposit be? a. $496 b. \$770 c. $1,200 d. $1,374

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