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Calci steps would also help.
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Step I : Calculate outflows at the end of 6th, 7th, 8th, 9th and 10th year.
Outflow at the end of year 6 : 7200 * (1.07)^6 = 10805.25. Similarly do it for all the rest years.
Step II : Calculate present value of those outflows at T = 5 : Use CF mode and 8 as a discount rate
Step III : Find annual deposit :
FV = 49,106.51 (this is what you calculated in stepII)
N = 5
I/Y = 8
CPT -> PMT = 8370.52