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You want to make 5 equal deposits into an account paying 7.5 percent so that your child can take out $14,000 per year for college

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You want to make 5 equal deposits into an account paying 7.5 percent so that your child can take out $14,000 per year for college expenses. Your deposits will be at t=1,t=2,t=3,t=4, and t=5. Your child will make withdrawals of $14,000 at t=7,t=8,t=9, and t=10. Assume no inflation of college expenses. How much will you need to deposit each of the next 5 years? $14,000$14,000 $14,000$14,000

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