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You are considering options to save for your daughter's university education. You plan to make annual deposits into an account paying 1 0 % interest

You are considering options to save for your daughter's university education. You plan to make annual deposits into an account paying 10% interest from the day she is born up to and including her 18th birthday. You would like to be able to make annual $20,000 withdrawals from the account to help her with her costs, starting on her 18th birthday continuing up to and including her 23rd birthday. What annual deposits will be required to fund this plan? The solution is within $15 of which of the following?

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