Starting next year, you will need $$6,000$ annually for four years to complete the college education. $($One year from today the first $$6,000$ will be withdrawn.$)$ Your uncle deposits an amount today in FIN$3300$F$24$ Bank paying $7\%$ annual interest to cover the needed tuition for four years.$$ How large must the deposit be$?$

Starting next year, you will need $$6,000$ annually for four years to complete the college education. $($One year from today the first $$6,000$ will be withdrawn.$)$ Your uncle deposits an amount today in FIN$3300$F$24$ Bank paying $7\%$ annual interest to cover the needed tuition for four years.$$ How large must the deposit be$?$

$$24,000$

$$21,745\mathrm{.}90$

$$20,323\mathrm{.}27$

$$26,639\mathrm{.}66$