A couple has just given birth to a baby and named him Jimmy. They want to set up a college savings account for Jimmy and start saving for his college education. The following facts will help you work this problem:

Current Cost of Tuition, Room &Board$25,000

Expected Average Inflation for College Costs5%

Expected Average Percentage Return onSavings4%

Years until you need the first tuitionpayment18

You will make 18 yearly payments with the first payment starting a year from now.

How much will the couple need at the end of 18 years to fund Jimmy's college education for 4 years?Round your answer to a whole number.