You are saving for the college education of your two children. They are 1 year apart in age; one will begin college in 12 years, and the other will begin 13 years from today. You estimate your children's' college expenses to be $40,000 per year per child, payable at the beginning of each school year. The annual interest rate is 7%. Your deposits begin one year from today, and you will make your last deposit when your oldest child enters college. Assume your children will be on the five-year plan. Calculate the amount you would need to deposit each year to fund your children's education. You are saving for the college education of your two children. They are 1 year apart in age; one will begin college in 12 years, and the other will begin 13 years from today. You estimate your children's' college expenses to be $40,000 per year per child, payable at the beginning of each school year. The annual interest rate is 7%. Your deposits begin one year from today, and you will make your last deposit when your oldest child enters college. Assume your children will be on the five-year plan. Calculate the amount you would need to deposit each year to fund your children's education