Jim and Pam have just had their first child (Aiden) in December 2019. Both are OSU graduates and have decided to save enough to pay for Aidens first years college tuition at OSU where the tuition is expected to cost $150,000 per year in 18 years. How much should the couple begin depositing annually at the end of each year beginning 2020 to accumulate enough funds to pay the first years tuition at the beginning of the 19th year? Assume that they earn 6% annual rate of return on their first investment.