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Jack and Jill have just had their first child. If college is expected to cost $170,000 per year in 18 years, how much should the couple begin depositing annually at the end of the next 18 years to accumulate enough funds to pay 1 year of tuition 18 years frm now? Assume that they can earn a 8% annual rate of return on their investment The amount that the couple should begin depositing annually at the end of each year is $ (Round to the nearest cent.) The nominal, risk-free rate on T-bills recently is 4.15%. If the real rate of interest is 0.95%, what is the expected level of inflation? (Round to two decimal places.) The expected level of inflation, IP, is Your firm has the option of making an investment in new software that will cost $213,619 today, but will save the company money over several years. You estimate that the software will provide the savings shown in the following table over its 5-year life, Should the firm make this investment if it requires a minimum annual return of 8% on all investments? The present value of the stream of savings estimates is $ (Round to the nearest dollar.) Data Table (Click on the icon located on the top-right corner of the data table below in order to copy its contents into a spreadsheet.) Savings estimate Year $57,000 $79,800 1 2 3 $74,100 $39,900 $22,800 4 5 Print Done