After Peyton's 8th birthday party, Henry realized that he needed to begin thinking about how he would finance their college education. On the back of a birthday card envelope, he wrote out the following assumptions: My plan for Peyton's college funding: I expect they will need $1,800 per month (at the BEGINNING) of each month in college. I expect Peyton will be in College for 4 years. I can invest for their education in an account (for the next 10 years), earning 6% annually, compounded monthly. Will $650 saved at the END of each month be enough? Part 1: How much does Henry need to accumulate by the day Peyton begins college? Beg or End N i/y PV= PMT= FV Part 2: Given Henry's assumptions, how much will he accumulate for Peyton's education? Beg or End ersion: Summer 2023 revision Part 3: Will he have enough? How much is he short or over? Show work here: N i/y PV PMT= FV= Chapter 20 Packet Short or Over? Part 4: If Henry can only change the amount that he saves each month, how much must he save to pay for Peyton's education? Beg or End N= i/y= PV PMT= FV YES Problem continues on next page or NO (move the rounded rectangle to select your answer) Pa