Compute the equal annual the McDowell must deposit, assuming that he make the first deposit

Compute the equal annual the McDowell must deposit, assuming that he make the first deposit

Amount
of each cash flows On Dec 31, 2017 Michael McDowell desires to have
60000. He plans to make six deposit in a fund to provide this amount.
Interest is compounded annually at 12%.

Compute the equal annual the McDowell must deposit, assuming that he make the first deposit

1. December, 31 2012

2. December, 31 2011