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1. You're beginning your junior year in college, and so you just paid your full, junior year tuition. You're one year away from starting your

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1. You're beginning your junior year in college, and so you just paid your full, junior year tuition. You're one year away from starting your senior (final) year of undergraduate work. To complete that last year of undergraduate work, and then go through law school (three years), you estimate you will need $25,000 per year for each of these 4 years, (that is, you will need to withdraw the first $25,000 one year from today, the next $25,000 two years from today, etc.). Your wealthy uncle offers to finish putting you through school, and he will deposit in an account, paying 7% (APR) annual interest, a sum of money that is sufficient to exactly provide the four payments of $25,000 each. His full gift will be made today. (10) a) How large must your uncle's deposit (today) be? b) How much will be in the account immediately after you make your second withdrawal (to begin your first year of law school)

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