It is now January 1. You plan toinvesta total of 5 consecutive, equal deposits, one every 6 months, with the first payment being madetoday. The accountpaysaninterest rate of 6%(APR)but usessemiannualcompounding. You plan to leave the money in the bank for 10 years.Your goal is to withdraw $25,000in 10 years. To get the money forthis withdrawal, you will make the aforementioned five equal deposits, beginning today and for the following 4 semi-years (6 month periods). How large must each of the five payments be?(7)

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