Question: Starting next year you will need $ 4 , 0 0 0 annually for 5 years to cover your living expenses during graduate school. (

Starting next year you will need $4,000 annually for 5 years to cover your living expenses during graduate school. (one year from today you will withdraw the first $4,000.) your aunt deposits an amount today in an account paying 5%annual interest, which will provide the needed $4,000 payments
A. How large must the deposit be?
B. How much will be in the account immediately after you make the first withdraw

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