Momer and Marge are planning a savings program to put their daughter, Llsa, through

college $($they gave up on Bari$).$ Lisa is $13$ and plans to enroll at the University of Springileld in

$5$ years, and plans to graduate $4$ years later. Currently, the annual cost $($for everything $-$ food,

clothing, fullon, books, transportation, etc.$)$ is $$15,000,$ but these costs are expected to

Increase by $5\%$ annually. The college requires that this amount be pald at the start of the

year. Llsa now has $$7,500$ in a college savings account that pays $6\%$ annually. Her father will

make six equal annual deposils into her account; the first deposit today and the sixth on the

day she starts college.

e$)$ How large must each of the six payments be$?$

$(20$ Pts$)$