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Nina is investing for her daughter's college education. She expects to need $22,000 in 10 years, $24,000 in 11 years, $26,000 in 12 years, and

Nina is investing for her daughter's college education. She expects to need $22,000 in 10 years, $24,000 in 11 years, $26,000 in 12 years, and $30,000 in 13 years. If Nina can earn 5% annually on his investment.


What single amount does she need to invest today to provide for her daughter's college education?

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