This is accounting/Finance question.

Please provide legible and organized solution so I can follow your step and understand the methodology behind this.

Many thanks in advance.

5. The following table lists the likely tuition levels for the given years at a private university. In solving this problem, assume that the entire tuition payment is made at the end of the calendar year, so the tuition for 2021-22 is paid on 12/31/21 Year 2021-22 2022-23 2023-24 2024-25 Tuition $51,000 $53,000 $55,000 $57,000 A family wants to start an education account in 2010 first payment at the end of 2010, the last payment to coincide with the last tuition payment at the end of 2024) A, For an interest rate of 5% calculate the annual payment. B. If the family wants to increase each annual deposit by $1,500, what is the amount of the first deposit check and the last one