. Your daughter will go to a four-year college 18 years from now. You want to make sure you have four years worth of education cost in the year 18. The current annual cost of education is $ 25,000 subject to a 4% annual rate of inflation. The investment opportunity is 10% each year (compounded monthly). Ignore the years of 19 and after. How much (approximately) should you deposit each month to achieve the above financial planning goal? The correct answer is $