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you just had a child, and want to invest for her future college education. You expect that she will start school in 18 years, and
you just had a child, and want to invest for her future college education. You expect that she will start school in 18 years, and it will cost her 18000 per year for each of the four years she will be attending. Over the next 18 years, you want to put an equal amount at the end of each month into a savings account that earns 3% annually. How much do you need to invest each month to fully pay for her college education? Assume that college tuition will be paid at the beginning of each year, and you will pay for a full year.
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