Question: Please answer as a text response. Not an image show work 2. Vanessa wants to accumulate $18000 in her savings to return to graduate school

Please answer as a text response. Not an image show work

2. Vanessa wants to accumulate $18000 in her savings to return to graduate school in 6 years. Assuming she can earn 4.5% interest (compounded annually),

a. How much would she need to deposit today to reach her goal (one-time deposit)?

b. How much would she need to deposit each year (at the beginning of the year, aka ordinary annuity) to reach her goal?

c. If she found a way to earn 6%, how much would her annual deposit need to be?

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