Exercise 5-12 (Algo) Future value; solving for annultles and single amount (L05-4, 5-9) John Rider wants to accumulate $105,000 to be used for his daughter's college education. He would like to have the amount available on December 31 2026. Assume that the funds will accumulate in a certificate of deposit paying 8% interest compounded annually. EV of $1. PV of SL EVA of $1. PVA of $1. FVAD of $1 and PVAD of Si} (Use appropriate factor(e) from the tables provided.) Answer each of the following independent questions Required: 1. If John were to deposit a single amount, how much would he have to invest on December 31, 20217 2. If John were to make five equal deposits on each December 31, beginning a year later on December 31, 2022 what is the required amount of each deposit? 3. If John were to make five equal deposits on each December 31 beginning now, on December 31, 2021, what is the required amount of each deposit? (For all requirements, Round your final answers to nearest whole dollar amount) $ 08.058 1 2 12 Amount Annuity amount Annuity amount D