blems Time Value of Money t: Homework Problems - Time Value of Money Problem 7-05 Check My Work grem eBook Problem 7-05 Holly wants to have $210,000 to send a recently born child to college. She sets up a 529 plan and wants to know how much she must invest at the end of each year fe next 16 years if the funds can earn 5 percent. Use Appendix to answer the question. Round your answer to the nearest dollar If she can eam 7 percent, how much less will she have to invest each year? Use Appendix to answer the question. Round your answer to the nearest dollar Check My Work (3 remains