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You recently had a baby girl. You want to help her with her college expenses if she goes to college. Your plan is to give

You recently had a baby girl. You want to help her with her college expenses if she goes to college. Your plan is to give her $5,000 a year for 4 years starting 18 years from today. If you are planning to deposit money in an account that earns 5%, how much do you have to deposit today?

$7,367.08
$7,735.43
$8,954.73
$8,725.93
$9,402.47

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