What is the answer for C?Comprehensive problem) You would like to have $72,000 in 12...
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What is the answer for CComprehensive problem You would like to have $ in years. To accumulate this amount, you plan to deposit an equal sum in the bank each year that will ear percent interest compounded annually. Your first payment will be made at the end of the year.a How much must you deposit annually to accumulate this amount?b If you decide to make a large lumpsum deposit today instead of the annual deposits, how large should the lumpsum deposit beAssume you can earn percent on this deposit.c At the end of year you will receive $ and deposit it in the bank in an effort to reach your goal of $ at the end of year In addition to the lumpsum deposit, how much must you invest in equal annual deposits to reach your goal? Again assume you can ear percent on this deposit.a How much must you deposit annually to accumulate this amount? b If you decide to make a large lumpsum deposit today instead of the annual deposits, how large should the lumpsum deposit be$ Round to the nearest cent.c If you deposit $ received at the end of year in the bank, how much will it grow to in the account at the end of year
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