b$2.$ Alternatively, if a borrower tells you that he needs a loan for $6$ years and $3$ months and will pay you an annual rate of $51/2\%$ for the loan, but will give you only $$141\mathrm{.}02$ back at the end of the loan term $,$ you should only loan him $$100$ today. YOUR PROBLEM: You have a new baby daughter. You estimate that you will need $$250000$ in $18$ years to pay for her college education.. The State offers you an educational savings account $($requiring that she enroll in a State public university$)$ that pays $5\%$ per annum on the amount you place in the account. How much does the formula P $=$ F$/$ert indicate that you need to place in such an account today to have the $$250000$ when you need it in $18$ years?