Question: hello! I just need help with part c please (Comprehensive problem) You would the to have ( $ S 5,000 ) in 15 years. To
(Comprehensive problem) You would the to have \\( \\$ S 5,000 \\) in 15 years. To accumulate this amount, you plan lo dcpost an equal sum in the bank each year that wil earn 7 percent inderest compounded annualy Your first payment will be made at the end of the yoar a. How much must you deposit annisily to accumulato thes anount? b. If you decide to make a large tump suen deposit loday instead of the annual deposits, how large should this lump sum deposit be? (Assume you can eam 7 percent on this deposit) equal annoal amounts, begining in year 1 to reach your goal? (Upain, assume you can earn 7 percent on your deposits?) a. How much must you deposit annualy to accumulate this amount? (Round to the nearest cent) b. If you decide to make a latge kmp sum depesit today instead of Ene annual deposats, how large should tho lump-sim depost be? (Round to the nearest cent) c. If you depost \\( \\$ 10,000 \\) iecerved at the end of five years wi the bark, what wal tho anount grow to by the end of foar 15 ? (Round to the neareut cent) (Round to the nearest cont)
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