Martin is looking for an investment which will mature in five years and plans to use the amount to finance his daughters university education. He estimates he will need $500,000 in expenses at that time for his daughters education expenses. His financial advisor presents him with a 5- year structured deposit A. It will earn 1% per annum for the first two years, stepping up to 2% in the 3rd year and 3% in the last 2 years. Question (Ci) : You are considering an alternative investment C which is a 5-year annuity of $105,000 each year with an interest rate of 2.5% per annum. How much will this investment cost today? If the annual cash flows of $105,000 are reinvested each year at 2.5%, will this be enough to fund Martins daughters education in 5 years time? Please help show how the annual cash flows of $105,000 will be enough for martin's daughter.