Chapter 5 EOC Problems Part 2 Assignment: Chapter 5 EOC Problems Part 2 Assignment Score: 0.00% Save Submit Assignment for Grading Questions Problem 5.31 (Required Lump Sum Payment) Question 6 of 9 4. Check My Work (3 remaining) S. eBook 7. 8 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 4% 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. 9 $ 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. $ Check My Work (3 remaining)