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Practice Problem #2 Situation: You have decided to start a scholarshi Tou have decided to start a scholarship by depositing 3 equal annual deposits into

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Practice Problem #2 Situation: You have decided to start a scholarshi Tou have decided to start a scholarship by depositing 3 equal annual deposits into an account We n g today (first deposit will be at t=0 and the last deposit at t=2). The scholarship should pay wu per year beginning at t=6 and continue forever. How much must each deposit be in order to make the required scholarship payments? The account earns 5% interest compounded annually. $1,000 $1,000 $1,000 $1,000 $1,000 bemat

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