Question: (Complex present value) You would like to have $6.000 in 9 years to accumulate this amount you plan to deposit each year an equal som

(Complex present value) You would like to have $6.000 in 9 years to accumulate this amount you plan to deposit each year an equal som in the bank which will earn 5 percent interest compounded annually Your first payment wil be made of the end of the year a. How much must you deposit annually to accumulate this amount? b. If you decide to make a large lump sum deposit today instead of the annual deposits, how large should this lump sum deposit be? Assume you can eam 5 percent on this part C. At the end of 5 years you will receive 5.000 and deposit is in the bank toward your goal of $38.000 at the end of years. In addition to this deposit, how much must you depositingul anual deposits to reach your goal (Again assume you can eam 5 percent on this deposit) a. How much must you deposit annually to accumulate $38.000 in 9 years? (Round to the nearest cent)

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