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SCMA 3 3 5 - Exercise Katy has $ 1 2 0 , 0 0 0 in her college spending account. From this account, Katy

SCMA 335- Exercise
Katy has $120,000 in her college spending account. From this account, Katy will pay her tuition and living expenses for the next five years. The following table shows Katy's expected expenses in the next five years. Assume that the expenses are to be paid at the beginning of the respective years.
\table[[Year,1,2,3,4,5
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