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0/4)-1=FV 25 Andrew (with Steve's help) plans to make 6 equal annual deposits into an account beginning at t=1. If the interest rate is

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0/4)-1=FV 25 Andrew (with Steve's help) plans to make 6 equal annual deposits into an account beginning at t=1. If the interest rate is 5 percent, how much would his deposit have to be to be able to withdraw $2,000 each year into infinity with the first annual withdrawal taking place 8 years from today? 0 1 2 3 4 5 6 L D D D D D D a. $5,880.70 b. $5,412.24 c. $5,333.97 d. $5,792.08 e. $5,600.67 7 8 9 2000 2000

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