Sarah is currently 9 years old, and her father is planning the finance of her college expenses. They will set up a bank account and deposit $Y one year from today and will deposit 3% more each subsequent year. The last deposit will be 12 years from today. College expenses of $50,000 will occur 10, 11, and 12 years from today. What is Y if all the deposits exactly pay for Sarah’s college expenses? Assume the effective annual interest rate is 3%