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Your rich uncle has offered to put you through college. Your annual tuition payments will begin one year from today, and there will be a

Your rich uncle has offered to put you through college. Your annual tuition payments will begin one year from today, and there will be a total of four payments. Each payment is $25,000. If your uncle can invest funds into an account paying an annual return of 7. percent,
A) How much does he need to deposit today to cover the four payments?
(4 marks)
B) How much will be in the account immediately after the first tuition payment?
(3 marks)
C) How much will be in the account immediately after the last tuition payment? Please show your calculations from year 2 to year 4 to substantiate your answer.
(5 marks)
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