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Starting next year, you will need $ 3 0 , 0 0 0 annually for 4 years to complete your education. ( One year from
Starting next year, you will need $ annually for years to complete your education. One year from today you will withdraw
the first $ Your uncle deposits an amount today in a bank paying annual interest, which will provide the needed $
payments.
a How large must the deposit be Do not round intermediate calculations. Round your answer to the nearest cent.
$
b How much will be in the account immediately after you make the first withdrawal? Do not round intermediate calculations. Round
your answer to the nearest cent.
$
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