To complete your last year in business school and then go through law school, you will need Rs 10,000 per year for 4 years, starting next year. Your mama offers to put you through, school, and he…

To complete your last year in business school and then go through law school, you will need Rs 10,000 per year for 4 years, starting next year. Your mama offers to put you through, school, and he will deposit in a bank paying 7% interest, compounded annually, a sum of money that is sufficient to provide the 4 payments of Rs 10,000 each. His deposit will be made today. a. How large must the deposit be? b. How much will be in the account immediately after you make the first withdrawal?