Question: I cannot get #2 or #3 correct Parents want to accumulate $140.000 to be used for their child's college education. The parents would like to

I cannot get #2 or #3 correct

Parents want to accumulate $140.000 to be used for their child's college education. The parents would like to have the amount available on December 31,2029 . Assume that the funds will accumulate in an account paying 8% interest compounded annually. Answer each of the following independent questions. Required: 1. If they were to deposit a single amount, how much would they have to invest on December 31, 2024? 2. If they were to make five equal deposits on each December 31 , beginning on December 31,2025 , what is the required amount of each deposit? 3. If they were to make five equal deposits on each December 31, beginning on December 31,2024 , what is the required amount of each deposit? Note: For all requirements, use tables, Excel, or a financial calculator. Round your final answers to nearest whole dollar amount. (EV of S1. PV of S1. EVA of S1, PVA of S1. EVAD of S1 and PVAD of \$1)

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