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Required Lump-Sum Payment To complete your last year in business school and then go through law school, you will need ( $ 30,000 ) per
Required Lump-Sum Payment To complete your last year in business school and then go through law school, you will need \\( \\$ 30,000 \\) per year for 4 years, starting next year (that is, you will need to withdraw th first \\( \\$ 30,000 \\) one year from today). Your uncle offers to put you through school, and he will deposit in a bank paying \8.5 interest a sum of money that is sufficient to provide the 4 payments of \\( \\$ 30,000 \\) 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 must the deposit be? \\( \\$ \\) b. How much will be in the account immediately after you make the first withdrawal? \\[ \\$ \\] How much will be in the account immediately after you make the last withdrawal? \\( \\$ \\)
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