Henry Cisco is planning to make two deposits: $25,000 now and $30,000 at the end of year 6. He wants to withdraw C each year for the first six years and (C +  $1,000) each year for the next six years....

Henry Cisco is planning to make two deposits: $25,000 now and $30,000 at the end of year 6. He wants to withdraw
C
each year for the first six years and (C +  $1,000) each year for the next six years. Determine the value of
C
if the deposits earn 10% interest compounded annually.

(a) $7,711

(b) $5,794

(c) $6,934

(d) $6,522