Question: Starting next year, you will need $30,000 annually for 4 years to complete your education. (One year from todoy you will withdraw the first $30,000.)Yoar

Starting next year, you will need $30,000 annually for 4 years to complete your education. (One year from todoy you will withdraw the first $30,000.)Yoar which deposits an ampunt today in a batk payng 7% annunt interest, which will provide the needed $30,000 payments. a. How large must the deposit be? Do not round intermediate calculations. Pound your answer to the nearest cent: 5 b. How mich will be in the account immentately after you make the first withinwal? Co not round intermediate caiculations. Roond your aiswer to the nawest cent

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