(i)develop the timeline for the problem

(ii)Identify the time value of money variable that needs to be solved calculated: Present Value (PV)

(iii) Values of the remaining variables:

(iv) Calculation: using the inputs in steps used in (iii)

10) If you wish to accumulate $150,000 in a child's college fund when they turn 18 years, and can invest at a 5.50% annual rate, how much must you invest at the end of each year if the first deposit is made when your child turns one year old (round your answer to two decimal places)