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2. Karen is planning to do her PhD studies at MIS at the University of Chicago. In an interview they told him that his studies

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2. Karen is planning to do her PhD studies at MIS at the University of Chicago. In an interview they told him that his studies would cost him $ 25,000.00 the first year, $ 32,000.00 for the second and $ 45,000.00 for the third and $ 52,000.00 the last year. Three friends and a teacher offered to grant him a scholarship. Each one is going to pay for a year of study for his friends. How much would his friends and teacher have to deposit him at the end of the year if he started studying in August 2022? Interest at 4.5% * Each one must deposit the money one year before the start of the course

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