Will and Jane Sparks are establishing a college fund for their t-year-old daughter, Jennifer. They want to save enough naw io pay college tuition at the time she enters college (17 years from now). If her tuition is projected to be $35,000 for a two-year degree, what annual sinking fund paymient should they establish if the annual interest is 4% ? Click the icon to view the fable. The annual sinking fund payment is 5 (Round to the nearest cent as needed.)