Your parents start saving for your brother’s collegeeducation. He will be going to Tulane when he turns 18. It isestimated to cost $42,000 per year, $21,000 due at the beginning ofeach semester, for four years. Your parents are going to do thisthrough dad's monthly payroll deduction. The monies will be putinto an account that is expected to yield 4.0%. The last depositoccurs when he turns age 18. It’s your brother's 3rd birthday. Whatisthe monthly deductionyour parents must make? Round to the nearest cent.