The Johnson family is worried about their ability to pay college tuition for their daughter Chloe. Tuition rates are currently $10,000 per year at the state college and have been increasing at a rate of 6.0% annually. Chloe will begin college in 9 years. The Johnson's have $10,000 set aside now in a college plan that will earn 7.5% per year. They recently heard about a plan to prepay tuition at current rates, i.e., paying $10,000 per year of college. Should they prepay Chloe's first year now or keep the money invested and pay the tuition 9 years from now? How much are they saving in FV terms with this decision?