Question: 11. Problem 5.31 (Required Lump 5 um Payment) Starting next year, you nili need 525,000 annually for 4 years to complete your edccation. (Cone year
11. Problem 5.31 (Required Lump 5 um Payment) Starting next year, you nili need 525,000 annually for 4 years to complete your edccation. (Cone year from today you will withdraw the first $25,000. ) Your uncle deposits an amount todoy in a bank, paying 5 s annsat inkerest, which will provide the needed $25,000 paythents 4. How large fust the depost be? Do not round interinediate calculations. found your answer to the nearest cent. 5 6. How nuch will be in the account immesiately after voy make the first withenwal? Do not round intermediate calculations. Round vour answer to the nearest cent
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