Jim is a junior in high school. His parents want him to learn money and business management skills while he attends college. They plan to buy a house worth $150,000 at the end T_3, so Jim can live in one bedroom and rent out the remaining bedrooms. Rent will be collected in each of the years T_4 through T_7. If the rent is $X in T_4, the rent will be 3% higher in T_5, etc. (i.e., rent increases by 3% each year). Assume rent is collected annually, at the end of each year (T_4 mdash T_7). At the end of T_7, they anticipate selling the house for $155,000. How much can Jim expect in annual rent in T_4 (i.e., what is $X)? SET-UP ONLY - Type your answer. Equate cash Flows in