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You plan to deposit $600 in a bank account now and $300 at the end of the year If the account earns 7% interest per year, what will be the balance in the account right afler you make the second depost? The balance in the account right after you make the second depost will be 1 (Round to the nearest donar) You have a loan outstanding. It requires making seven annual payments of $2.000 each at the end of the next seven years. Your bank has offered to allow y to skip making the next six payments in beu of making one large payment at the end of the loan's tem in seven years. If the interest rate on the loan is 8%, final payment wilt the bank require you to make so that it is indifferent to the two forms of payment? The final payment the bank will require you to make is 5 (Round to the neatest dollar.) You want to endow a scholarship that will pay 55,000 per year forever, starting one year from now. If the school's endowment discount rate is 6%, what amount must you donate to enoow the scholarship? The arnount you must donate is 3 (Round to the nearest cent)