2. On the day a child is born, the child's parents deposit $5,000 into an account that at 6% per year. The purpose of the account is to finance the child's pays interest college education. The child will begin college when she is eighteen years old and she will graduate when she is twenty-three. The cost of tuition will be $40,000 in the first year of the child's college education. The cost is expected to Increase by eiaht percent per year over the next five years until she graduates. When the child is three years old, the parents deposit $8,000 into the account and they plan to increase this deposit by a dollar amount up to and including the child's fifteenth birthday. a. Compute the amount that the parents must increase the $8,000 deposit per yea in order for them to be able to pay the child's college tuition. b. Compute the amount of the deposit required when the child is ten years old. c. Compute the amount of tuition the parents will have to pay when their chil twenty-one years old