Question 1 A couple is planning to finance their 5 year old daughter's college education. They established a college fund that earns 10%, compounded annually. What annual deposit must be made from the daughter's 5th birthday (now) to her 16th birthday to meet the future college expenses shown in the following table? Assume that today is her 5th birthday. Not yet answered Marked out of 8.30 Birthday 5-16 17 18 O a. C-$3,742 19 20 21 b. C-$4,115 OC.C-$1,978 Od. C-$3,048 Flag question Deposit Withdrawal C 0 0 $25,000 27,000 29,000 31,000 Engineering Economics M. 2010