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4. I want to create a savings fund in an account that earns 6% annual return that will allow me to withdraw $5,000 per year,
4. I want to create a savings fund in an account that earns 6% annual return that will allow me to withdraw $5,000 per year, at the end of each year for 6 years, with the first withdrawal 5 years from today. To develop this fund, I intend to make 4 equal deposits, beginning today. a. ( 2 points) How much must I have in the account 4 years from today? Write your final answer here: b. (2 points) What is the required equal amount of each deposit? Write your final answer here
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