Your younger sister, Jennifer, will start college in five years. She has just consideration informed your parents that she wants to go to Eastern State U., which will cost

$18,000 per year for four years (cost assumed to come at the end of each year).

Anticipating Jennifer’s ambitions, your parents started investing $3,000 per year five yeas ago and will continue to do so for five more years.

How much more will your parents have to invest each year for the next five years to have the necessary funds for Jennifer’s education? Use 10 percent as the appropriate interest rate throughout this problem (for discounting or compounding).

Round all values to whole numbers.