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Your younger relative (who is pupil now) plans to study economics and politics at ISM after 5 years. This will cost him 5000 euros per

Your younger relative (who is pupil now) plans to study economics and politics at ISM after 5 years. This will cost him 5000 euros per year (tuition fee, accommodation and other expenses). In order to fulfill this wish his parents decided to invest: they will deposit 1200 euros at the beginning of each half of a year at the annual interest rate of 10%. Will those deposits be enough? If not, then what sum they should deposit each period?

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