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Abe has learned that his great-aunt intends to give him $3,000 each year he is studying at university. Tuition must be paid in advance. so

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Abe has learned that his great-aunt intends to give him $3,000 each year he is studying at university. Tuition must be paid in advance. so Abe would like to receive his payments at the beginning of each school year. How much will his great-aunt have to imvest today at 8 percent to inale the four annual (start-of-year) payments? Assume that Abe will be starting school in five years. (Round answer to 2 decimol ploces, eg. 125.12. Do not round your intermediote calculations.) Save for Lates Attempts: 0 of 2 used

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