Congratulations (assume you just had a baby)! You expect your baby to start college 18 years from today. What college would you like for your baby to attend? Approximately, how much will the four years of tuition, room, and board cost you for your baby to attend this school? How much will you need to save at the end of every year for you to have this amount in 18 years? Please state your assumed discount rate. You must apply the time value of money concept to solve this problem. Show work (20 points).

APU

Total cost of attendance per year: $50,712