For each part of the following problem show the formulas you are using, with the substitutions, OR show the value of each variable in the TVM Solver. Circle your answer. I am planning to save some money for my daughter's college education. She will start college in 8 years (exactly, for the sake of this calculation), and it is my plan to provide her with a monthly income of $1,000, paid at the end of each month, for four years in college. I can buy an ordinary annuity now, with payments deferred (postponed) for 8 years. The annuity earns interest at an annual rate of 6.4%, compounded monthly. How much will this annuity cost me now? (b) Alternatively, I can make monthly payments into the same 6.4% annuity for the next eight years, followed by four years of monthly withdrawals, both at the end of each month. What would my monthly payment need to be