John Smith has a grandson, Joey, who just turned eight. His grandson wants to go to university in the Fall of 2029. Mr. Smith would like to be able to give his grandson $15,000 at that time to help Joey meet his college expense. Mr. Smith knows that he can invest monthly in an extremely safe investment and earn 6 % on his investment. Using the appropriate tables, Present value, Future value, Present Value of an Annuity or Future Value of an Annuity calculate the amount of Mr. Smiths monthly investment beginning August 1, 2019.