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Part $1$

Deposits to accumulate future sums$$For the case shown in the following$$ table, determine the amount of the$$ equal, $$ end$-$of$-$year deposits necessary to accumulate the given sum at the end of the specified$$ period, assuming the stated annual interest rate.$($Click on the icon located on the$$ top$-$right corner of the data table below in order to copy its contents into a$$ spreadsheet.$)$

Sum to be

accumulated

Accumulation

period$($years$)$

Interest rate

$$$$5,000$

$3$

$12\%$