Starting next year, you will need $25,000 annually for 4 years to r education. (One year from today you will withdraw the first $25,000.) Your uncle deposits an amounttodayin a bank paying 5% annual interest, which will provide the needed $25,000 payments.

2. How large must the deposit be? Do not round intermediate calculations. Round your answer to the nearest cent.
4. $
6. How much will be in the account immediately after you make the first withdrawal? Do not round intermediate calculations.