The Turners have 8 years to save a lump-sum amount for their child's college education. Today a four-year college education costs 570,000 , and this is expected to increase by 9% per year into the foreseeable future a. If the Tumers can earn 6% 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 8 years to afford to send their child to college? b. If a certain college will "freeze" the cost of education in 8 years for a lump-5um of $170,000, is this a good deal? Click the icon to view the interest and annuity table for discrete compounding when i=6% per year Click the icon to view the interest and annuity table for discrete compounding when i=9% per year a. The Tumers must save $ each year for the next 8 years. (Round to two decimal places.) b. Is the deal described a good one? Choose the correct answer below. Yes No Print Done