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NYOL lawghtGE /editgid=183626693 HW .XLSX e Tools Help Last edit was 4 minutes ago 123 Default (Ca... - 11 B SA . LED CD -
NYOL lawghtGE /editgid=183626693 HW .XLSX e Tools Help Last edit was 4 minutes ago 123 Default (Ca... - 11 B SA . LED CD - - D E E G H 1 K L M N 0 F 0 R 20000 Questions Problem 4-24 (Required Lump-Sum Payment) Question 5.0f 5 Check My Work efiask Required Lump-Sum Payment To complete your last year in business school and then go through low school, you will need $20,000 per year for 4 years, starting next year (that is, you will need to withdraw the first $20,000 one year from today). Your uncle offers to put you through school, and he will deposit in a bank paying 9.5% interest a sum of money that is sufficient to provide the four payments of $20,000 each. His deposit will be made today. Do not round intermediate calculations. Round your answers to the nearest cent. If your answer is zero, enter 0. a. How large rust the deposit be? $ b. How much will be in the account immediately after you make the first withdrawal? After the last withdrawal? After the first withdrawal: $ After the last withdrawal: $ Check My Work 0 Toon kg
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