Carol Pasca just had her fifth birthday. As a birthday present, her uncle promised to contribute $300 per month to her education fund until she turns 18 and Starts College. Carol’s parents estimate college will cost $2,500 per month for four years, but don’t think they’ll be able to save anything toward it for eight years. How much will Carol’s parents need to contribute to the fund each month starting on her 13th birthday to pay for her college education? Assume the fund earns 6% compounded monthly.