The Turners have 7 years to save a lump-sum amount for their child's college education. Today a four-year college education costs $75,000, and this is expected to increase by 10% per year into the foreseeable future. a. If the Turners can earn 7% per year on a conservative investment in a highly rated tax-free municipal bond, how much money must they save each year for the next 7 years to afford to send their child to college? b. If a certain college will "freeze" the cost of education in 7 years for a lump-sum of $200,000, is this a good deal? Click the icon to view the interest and annuity table for discrete compounding when i = 7% per year. Click the icon to view the interest and annuity table for discrete compounding when i= 10% per year. a. The Turners must save $ each year for the next 7 years. (Round to two decimal places.)