As a grandfather lookes back at his son's university years, he remembers thathis son's annual expenses should amount to $185,000$ each year, increasing by$8\%$ each year adjusted for inflation. He wanted to support him through tenannual withdrawals from a bank account that provided then a high $6\%$ interesteach year, how much did the grandfather deposit on the account a year to theday when the first withdrawal need to be made? ANS: $2,053,269\mathrm{.}10$ show solution