Question: Problem 5.31 5-2: Future Values 5-7: Future Value of an Ordinary Annuity Required lump sum payment Starting nbxt year, you will need $5,000 annually for

Problem 5.31 5-2: Future Values 5-7: Future Value of an Ordinary Annuity Required lump sum payment Starting nbxt year, you will need $5,000 annually for 4 years to complete your education. (One year from today you will withdraw the first $5,000.) Your which will provide the needed $5,000 payments. a. How large must the deposit be? Round your answer to the nearest cent. b. How much will be in the account immediately after you make the first withdrawal? Round your answer to the nearest cent. 0- lcon Key Problem 5.31 e here to search

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