My son is 12 years old. He is planning to enroll in Wayne State University six years from now. My wife and I have agreed to pay his tuition costs. The annual tuition cost is expected to be $23,000 payable at the beginning of each year. If he will be at WSU for four years, how much must we have in our bank account when my son first gets to college at age 18? How much should we have in our bank account today to pay for his tuition costs? If we decide to save annually each year, how much must we set aside at the end of each year (constant amount) such that we can afford to have his tuition expense covered when he first enters college? Assume interest rate is 6 percent. SHOW EXACT STEPS ON BA II CALCULATOR