and Mrs Khan had three children aged six, four and one. The couple wanted to start a savings plan for the children's college education, which would start at the age of 15. They estimated that each child would take two years to complete their Fsc, a degree awarded after the 12th grade, and would then take at least four years to complete their professional/university education. The expenses for the F.Sc certificate were estimated to be Rs.40.000 per annum per child. Following the F.Sc certificate the parents calculated expenses to be about Rs.250,000 per annum per child for the professional/university degree. Mr and Mrs Khan knew that with their very limited resources they would have to initiate a savings plan now. They wanted an estimated savings plan for the next nine years, which would enable them to meet their future obligations. It is estimated that the appropriate discount rate for such a plan was 11%. You are running a financial consultancy firm with the name QASMS Financial Consultancy Ltd. and Mr and Mrs Khan contacted you prpare and suggest a best financial plan for them. How you will do it