Steve has three grandchildren and would like to provide assistance for their education. He would like to give each child $10,000 a year for the four years after the kid enter the college. Steve's first grandchild will enter college in exactly 10 years. Thus the fund for the first kid will begin at the end of year 10. The second grandchild will enter college two years after the first, and his third grandchild will start college three years after the second. How much money would Steve need to invest now, at 8%, in order to pay for these three scholarships Assume all the cash flows are at the end of the years