eBook Required Lump-Sum Payment To complete your last year in business...
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eBook Required LumpSum Payment To complete your last year in business school and then go through law school, you will need $ per year for years, starting next year that is you will need to withdraw the first $ one year from today Your uncle offers to put you through school, and he will deposit in a bank paying interest a sum of money that is sufficient to provide the four payments of $ each. His deposit will be made today. Do not round intermediate calculations. Round your answers to the nearest cent. If your answer is zero, enter How large must the deposit be $ How much will be in the account immediately after you make the first withdrawal? After the last withdrawal? After the first withdrawal: $ After the last withdrawal: $
eBook
Required LumpSum Payment
To complete your last year in business school and then go through law school, you will need $ per year for years, starting next year that is you will need to withdraw the first $ one year from today Your uncle offers to put you through school, and he will deposit in a bank paying interest a sum of money that is sufficient to provide the four payments of $ each. His deposit will be made today. Do not round intermediate calculations. Round your answers to the nearest cent. If your answer is zero, enter
How large must the deposit be
$
How much will be in the account immediately after you make the first withdrawal? After the last withdrawal?
After the first withdrawal: $
After the last withdrawal: $
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