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To complete your degree and then go through graduate school, you will need $65,000 at end of each of the next 7 years. Your Aunt
To complete your degree and then go through graduate school, you will need $65,000 at end of each of the next 7 years. Your Aunt offered to put you through school, and she will deposit in a bank paying 4.00% interest a sum of money that is sufficient to provide you with the needed 7 withdrawals of $65,000 each.
b) How much will be in the account immediately after you make the 3rd $65,000 withdrawal?
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