Blair’s mother is saving for her daughter’s college education. The following payments must be made at the indicated times:

The following investments are available:

Today, one year from now, two years from now, three years from now, and four years from now, she can invest money for one year and receive a 6 percent return.

Today, two years from now, and four years from now, she can invest money for two years and receive a 14 percent return.

Three years from now, she can invest money for three years and receive an 18 percent return.

Today, she can invest money for seven years and receive a 65 percent return.

What is the minimum amount that Blair’s mother needs to commit today to Blair’s college education that ensures she can pay her college bills?

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4 years from now $24,000 5 years from now $26,000 6 years from now $28,000 7 years from now $30,000