QUESTION 13 Jim and Sally want to begin saving for their child's college education. They estimate that they will need $100,000 in eighteen years. If they can earn 5% per annum, how much must be deposited at the end of each of the next eighteen years to fund the education? $8,274 $3,554 $3,873 $8,555

Jim and Sally want to begin saving for their child's college education. They estimate that they will need $100,000 in eightoen years. If they can earn 5% per annum, how much must be deposited at the ond of each of the next eighteen years to fund the education? $8,274$3,554$3,873$8,555 Jim and Sally want to begin saving for their child's college education. They estimate that they will need $100,000 in eightoen years. If they can earn 5% per annum, how much must be deposited at the ond of each of the next eighteen years to fund the education? $8,274$3,554$3,873$8,555