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Question 2 10 pts (a) The business manager of the Rock City Central School District commented at a school board meeting that in 7 years the district will have a loan coming due that will require $996,423 to pay. He recommended that the district should prepare for this payment by setting funds aside each year in an account paying 3.09% to build up the needed balance. According to this plan, how much should each payment be? Show your work in detail. (b) If the account pays 3.59% (instead of 3.09%) how much should each annual deposit be (under the same circumstances)? Show your work