Your brother has estimated that the maintenance costs on the "slightly used" car he just purchased will be $500 in the first year. He anticipates...

Your brother has estimated that the maintenance costs on the "slightly used" car he just purchased will be $500 in the first year. He anticipates that this cost will increase by $150 each year. He wants to set aside enough money today to cover all anticipated maintenance costs for the 10 years that he plans to own the car. How much should he deposit today in this account if the account earns 5% interest per year?