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percent into infinity liu lhcrease each year by 2 percent into infinity 010,398.43 at t-0 and increase each vear by 2 percent into infinity lt

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percent into infinity liu lhcrease each year by 2 percent into infinity 010,398.43 at t-0 and increase each vear by 2 percent into infinity lt Degin with $19,859.81 at t-0 and increase each year by 2 percent into infinit y. Kathryn Plamondon wants to make 4 equal annual deposits into an account earning 6% in order to pay for negligence fees that are assumed to grow at 4% per year into infinity. The first fee payment at t 5 shou be $6,500. How much does the deposit need to be? ld T2 T T a. $70,087.01 b. $74,292.24 c. $78,749.77

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