Attempts Keep the Highest / 2 7. Problem 5.31 (Required Lump Sum Payment) eBook Starting next year, you will need $35,000 annually for 4 years to complete your education. (One year from today you will withdraw the first $35,000.) Your uncle deposits an amount today in a bank paying 6% annual interest, which will provide the needed $35,000 payments. a. How large must the deposit be? Do not round intermediate calculations. Round your answer to the nearest cent. $ b. How much will be in the account immediately after you make the first withdrawal? Do not round intermediate calculations. Round your answer to the nearest cent. Grade it Now Save & Continue Continue without saving