She is a bright seven-year-ola planner. A couple has asked you to put together an investment plan for the education of their daughter. 17 th birthday. You estimate that tod birthday is today), and everyone hopes she will go to university after high school in 10 years, on her food, and clothing. You forecast that the cost of a year of university is $16,500, including the cost of tuition, books, accommodation, each university year. A typical university progal inflation rate will be 5.4%. You may assume that these costs are incurred at the start of am lasts 4 years. The effective annual interest rate is 6.65% and is nominal. they invest each year to have money on her birthday, starting today and ending one year before she starts university. How much must answer to 2 decimal places.) Investrent per years b. If the couple waits 1 year, until their daughter's 8 th birthday, how much more do they need to invest annually? (Do not round intermediate calculations. Round your answer to 2 decimal places.)