Your brother, James, will Join University in seven years, for his higher education. His ambition is to pursue medicine at the University of Nairobi. The Cost of education will be Sh. 1.5 Million per year for five years. Anticipating Jamess ambitions, your parents started investing Sh. 100,000 per year five years ago and will continue to do so each year for the next seven years. How much more will your parents have to invest each year for the next seven years to have the necessary funds for the education of your brother? Use 12 percent as the appropriate interest rate throughout this problem (a) The cost assumed to come at the end of each year YEAR 1-10 11-20 21-40 41-60 CASH FLOW (Sh Millions) 3 2 1.5 0.5 YEAR 1-5 CASH FLOW (Sh. Millions) 2.5 (b) The cost assumed to come at the beginning of each year