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Sheldon Cooper and Amy Fowler are married and live in Pasadena, California. They have as a new investment goal to create a college fund for

Sheldon Cooper and Amy Fowler are married and live in Pasadena, California. They have as a new investment goal to create a college fund for their newborn daughter. They estimate that they will need $205,000 in 18 years. Assuming that the CooperFowler family could obtain a return of 5 percent, how much would they need to invest annually to reach their goal? Use the Future value of an annuity table here e.. Round your answer to the nearest dollar. Round 'Future Value of an Annuity' in intermediate calculations to four decimal places.
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