It is August 1, 2010. Your child will start a two-year college on august 1, 2025. Tuition must be paid August 1, 2025 and August 1, 2026. The tuition is $20,000 per year and will be paid from a savings account that you plan to open. You will deposit a constant amount each August 1 from August 1, 2011 to August 1, 2020. After August 1, 2020 you make no deposits but the account accumulates interests. The interest rate is 3%. How much must be in your account on august 1, 2024? How much must be in your account on August 1, 2020? How much is each of your deposit?