Question: Required Lump - Sum Payment To complete your last year in business school and then 9 0 through law school, you will need $ 2
Required LumpSum Payment
To complete your last year in business school and then through law school, you will need $ per year for years, starting next year that is you will need to withdrair the first $ one year frum today Your uncle offers to put you through school, and he will depoilt in a bank paying inberest a sum of money that is suffident to provide the four papments of $ each. His depoit, will be made today. Do not round intermediste calculations. Round pour answers to the nearest cent. If your answer is ero, enber O
a How large must the deposit be
b How mach will be in the account immediately after you maloe the frit withdrawal? After the last withdrawal?
Afer the first withdrowal: $
Aher the iast whdrawa:
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