24. You are the elderly parent of a 50-year-old handicapped individual and want to put some money into an account to secure your child's future. You are going to put 4 equal annual deposits into an account earnings 5 percent. Your first deposit will be made today and the last deposit will be at t=3. You want the guardian of your child to be able to withdraw $18,000 per year for 20 years to help take care of your child. The first withdrawal will be at t=3 and the last withdrawal will be at t=22. How much will each of your deposits need to be? -2 22 3 4 S @ $54,647 b. $23,554 c. $56,221 D 8000 CODO d $25,683 16000 e. $53,635 FV = 18,000 x [1-(1.055-20] 5% UD, 18,000 = 224320 D= [r x FV] / [citr) -13 241312,1709 2