5&6

Question 5 1 pts You are planning to save for you child's college education which will start in 18 years. You expect the tuition to be $45,762, each year, in years 18 to 21. If your college savings account pays 3.53% APR compounded annually, how much do you have to deposit in years 1 to 16 to exactly fund the tuition? I I Question 6 1 pts You take out a bank loan for $28.042 today. You need to pay the loan back over the next 17 years with 17 equal payments starting next year. If the interest rate on the loan is 4.05% APR compounded annually, how big are the payments