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Jack and Jill have just had their first chlid If college is axpected to cost $150,000 per year in 18 yoars, how much should the

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Jack and Jill have just had their first chlid If college is axpected to cost $150,000 per year in 18 yoars, how much should the couple begin depositing annually at the end of the nex 18 years to accumilate enough funds to pay 1 year of tuition 18 yeacs frm now? Assume that they can earn a 8% annual rate of retum on their invostment The amount that the couple should begin dopotising annually at the end of each year is s (Round to the nearest cent)

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