complete your last year in business school and then go t Show more Problem 4-24 Required Lump-Sum Payment To complete

To complete your last year in business school and then go t Show more Problem 4-24 Required Lump-Sum Payment To complete your last year in business school and then go through law school you will need $5000 per year for 4 years starting next year (that is you will need to withdraw the first $5000 one year from today). Your uncle offers to put you through school and he will deposit in a bank paying 9.8% interest a sum of money that is sufficient to provide the 4 payments of $5000 each. His deposit will be made today. How large must the deposit be? Round your answer to the nearest cent. $ How much will be in the account immediately after you make the first withdrawal? Round your answer to the nearest cent. $ How much will be in the account immediately after you make the last withdrawal? Round your answer to the nearest cent. Enter 0 if required $ Show less

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