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A sibling will start his/her first year at Local University in the Fall of 2024. Annual tuition and books are $15,000 and are to be

A sibling will start his/her first year at Local University in the Fall of 2024. Annual tuition and books are $15,000 and are to be paid in semi-annual installments at the opening of each semester. Assuming that your parents have invested this money in an account that earns 5% p.a., how much must there be in the account to fund his/her four-year education as of September 1st, 2024

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