Parent of a ninth grade high school student wants to save money for college tuition and expenses. The parent would like to have $45,000 developed over the next 3 years, with the provision that the amount must have the same purchasing power as $45,000 today. If the money can be invested at 8% per year and the inflation is assumed to be 2% per year, calculate the annual amount necessary to meet the goal of $45,000 after 3 year