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Just need the solution to part C! (Compiex presant value) You would tke to have $35,000in12 years. To accumulbte this amcunt you pian to deposit

Just need the solution to part C! image text in transcribed
(Compiex presant value) You would tke to have $35,000in12 years. To accumulbte this amcunt you pian to deposit each year an equel sum in the bank, which will earn 6 percent inferest compounded annually. Your firat payment wit be made at the end of the yeat: a. How much must you deposit annually to accumulato this amount? b. II you decide to reake a large lump-sum deposit today instead of the annual deposits, how large should thla lump-aum deposit be? (Assumen you can eam 6 percent on this depasilt) deposit it equal ancual deposits to reach your goal? (Anain assume you can earn 6 percent ca this deposit) a. How much muet you deposit annually to accumulate 535,000 in 12 years? (Round to the nearost cent.) b. Hy you declde to make a largo lump-sum deposit today instead of the annual deposits, how lafge should inis lump-yum daposit be? (Assume you can eam 6 percent on this teposit) (Round to the nearest cent.) depose in equal antual deposits to reach your goal? (Again assume you can eam 6 pericant co this depoalit) (Round to the ne eresit cans.)

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