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Tony has two children, Angelo age 8 and jessica age 5. Tony wants to provide for their education funding Currently, tuition is $12.000 per year

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Tony has two children, Angelo age 8 and jessica age 5. Tony wants to provide for their education funding Currently, tuition is $12.000 per year and tuition inflation is 6. Tony expects to earn 8% on his investments and he expects the children to start college at age 18 and go to college for 4 years. Tony wants his last savings payment to be made when the oldest child starts college. How much must Tony save at the end of each year? a. 511.227.32 b. $10.395.67 c. $12.327.45 d. 59,693.49

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