Thomas is planning for the day when his child, Sarah, will go to college. Sarah has just turned nine and plans to enter college on her 19th birthday (exactly 10 years from today). She will need $28,000 at the beginning of each year (for four years) whilst at college. Thomas plans to give Sarah a BMW as a combination graduation and 23^rdbirthday present. The BMW is expected to cost $55,000. Thomas currently has $10,000 saved for Sarah. He also expects to inherit $28,000 nine years from today, all of which will go towards covering the education expenses for his daughter. The relevant discount rate is 7 percent per annum compounded monthly. How much must Thomas save at the end of each month, for the next 10 years, to provide for Sarahs education and the BMW?