Will would like to set up a fund that will provide $5$ annual payments so that each successive payment increases by $8\%.$ Determine the amount he must deposit into the fund today if the first annual payment $($in one year from now$)$ is $$3000$ and the fund earns interest at:

$($a$)j_1=2\mathrm{.}5\%$

Answer: $

$($b$)j_1=10\%$

Answer: $