Question 13 (3 points) Your finance professor is planning to take a three-year leave of absence (since you all do not talk to her! L) with no pay seven years from now. Your professor will need $20,000 at the beginning of each of the three years for living expenses. Assume that interest rates will be 12% compounded annually for the next twelve years. How much should your professor deposit at the end of each year for the next seven years in order to pay for her leave? a) $10,094 b) $ 3,477 c) $ 5,333 d) $ 5,973