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kindly use financial calculater p/y, i/y, fv, n, pmt pv= ? answer= $13512.24 17. Luxmi wants to celebrate the birth of her first grandson by

kindly use financial calculater p/y, i/y, fv, n, pmt
pv= ?
answer= $13512.24 image text in transcribed
17. Luxmi wants to celebrate the birth of her first grandson by investing money for his future education. She estimates the annual cost of postsecondary education today to be $6,000 per year, and that the typical degree takes four years. She wants to invest a lump sum today that could sustain these payments with inflation starting 18 years from today. If annual inflation is 3.7%, and her investment can earn 6.6% compounded monthly, what amount does she need to invest today

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