to complete your degree and then go through graduate school, you will need $10,000 today and $50,000 per year for the next 6 years. Your aunt offered to put you through school, and she will deposit in a bank paying 6.5% interest a sum of money that is sufficient to provide the $10,000 you need today and the 6 payments of $50,000 each.

A) how large of a deposit must she make today?

B) How much will be in the account immediately after you make the second $50,000 withdrawal?

C) How much will be in the account immediately after you make the last withwrawal in 6 years?

D) Now, if you decide to drop out of school today and not make any of the 7 withdrawals, but keep your aunt's money in the account that is earning 6.5% , how much would you have in the account at the end of 6 years?

E) Rework part (D) assuming you can earn monthly interest (APR is 6.5%) on your aunt's deposit rather than annual interest.