You anticipate your 2-year toddler will graduate from high school in 15 years, and you want to invest some money in preparation for college. With the cost of education going up, you expect they (he or she) will need approximately $60,000 for a 4-year degree. You are scoping out some products on the market and decide to go with a CD (certificate of deposit) that currently pays 4.5% every five years. How much do you need to invest to ensure you'll have the $60,000 for your toddler's graduation?