Julie is going to establish a University Fund for her daughter Jade, who has just been born.She plans to make the first deposit of $5,000 today and make another 10 annual deposits of this amount. After this, annual deposits of $10,000 will be made until Jade's 18th birthday. Given the long term nature of the investment, Julie anticipates an 6% pa return. The money is the transferred to an account for Jade and she will then withdraw the money in equal annual amounts for 5 years starting on her 18th birthday. Jade will only be able to earn 3% pa on her money.

(i) How much will be available on Jade's 18th birthday, before the first withdrawal is made?

(ii) Create a schedule showing the cash inflows and outflows of this fund.How much will Jade be able to spend each year?