2Q3 A young couple just had their first baby and they wish to ensure that enough money will be avaliable to pay for their hild's college education. Question 2 The current cost (t=0) of tuition, books and living expenses is $42857 per year, and they forecast this cost to increase 2.7% per year for the foreseeable future. The couple wants to save enough to make four payments, the first being on their child's 18th birthday and the last on their child's 21 st birthday ( t=18 to 21 ). Assume that college savings earn 5.9% per year compounded annually. The couple plans to start saving immediately (t=0) and keep saving the same amount every year until the baby's 17th birthday (t=17). How much would they have to save each year (t=0 to 17) to reach their goal? (Dollar figures should be approximated to the nearest cent of a dollar, while rates should be expressed in percentage terms without using the "\%" symbol and approximated to the nearest second decimal place.) Typed numeric answer will be automatically saved