(Comprehensive problem) You would like to have $70,000 in 14 years. To accumulate this amount, you plan to deposit an equal sum in the bank each year that will earn 6 percent interest compounded annually. Your first payment will be made at the end of the year a. How much must you deposit annually to accumulate this amount? b. W you decide to make a large lump sum deposit today instead of the annual deposits, how large should the lump-sum deposit be? (Assume you can earn 6 percent c. At the end of year 5, you will receive 510,000 and deposit it in the bank in an effort to reach your goal of $70,000 at the end of your 14. In addition to the lump-sum deposit, how much must you invest in 14 equal annual deposits to reach your goal? (Again, assume you can earn 6 percent on this deposit) a. How much must you deposit annually to accumulate this amount? (Round to the nearest cent)