Chrisand Lisa recently had their first child. They re excited about building their family together. Lisa wants to begin a college saving fund for their child Immediately, whereas Chris wants to wait a few years he dike to use their extra cash flow to buy a new minion and some household items instead). Lisa has identified a college savings plan that provides a relatively high rate of return for these who start saving early. The plan is set up so that over time the allocation of stocks in the planfalls as the child pets doser to college age and the allocation to bonds is increased. This means that the expected rate of returns falls over time. The rate of return figures Lisa obtained from the savings plan follow Child Age 1 2 Stock Allocation 100% 95% 4 5 6 7 Fixed Income Allocation 0% 5% 10% 15% 20% 25% 30% 35% 40% 45% 50% 55% 60% 65% 90% B5% 80% 75% 70% 65% 60% 55% SOX 45% 40% 35% 30% 25% 20% 10% B 9 Expected Return 940% 9.00 8.60% 8.00% 760% 7.10% 0.60% 6.20% 5 80% 5.30 4.70% 4.40% 3.70% 120% 3.00% 2.40 2.00% 1.10 11 12 14 15 70% 17 18 75% BON 9OX Lisa can convince Chris to begin saving 53.600.00 per year for the next 18 years, how much will they have in the college savings plan when their child enters college (Round answer to nearest whole number) if they begin saving immediately, they will accumulates How much will they have in the plan i Chris prevails and they begin saving $3.600.00 per year when their child turns Round answer to nearest whole number) if they wait to save until years, they will accumulate How much will they accumulate if they wait to begin saving until their child is 10 Round answer to nearest whole number if they wait to save until year 10, they will accumulates