2)Holly wants to have $200,000 to send a recently born child to college. She sets up a 529 plan and wants to know how much she must invest at the end of each year for the next 15 years if the funds can earn 5 percent. Use Appendix C to answer the question. Round your answer to the nearest dollar. $ ____________

If she can earn 7 percent, how much less will she have to invest each year? Use Appendix C to answer the question. Round your answer to the nearest dollar. $ ____________

3) Tuition costs at various colleges vary from $15,000 to $40,000 annually. These tuitions are expected to increase over time. If the annual rate of increase is 4 percent, what will be the new range in tuition costs in eleven years? Use Appendix A to answer the questions. Round your answers to the nearest dollar. The range at 4 percent is $___________ - ___________$ .

If the rate doubles from 4 to 8 percent, what will be the range in tuition costs after eleven years? Use Appendix A to answer the questions. Round your answers to the nearest dollar. The range at 8 percent is $ __________ - ____________ $ .