Question: Felix will need $10,000 per year for four years to pay for tuition. How much will Felixs parents have to invest at the end of

Felix will need $10,000 per year for four years to pay for tuition. How much will Felix’s parents have to invest at the end of each year for the eight years before he begins his studies if their savings earn at 7 percent per year? Assume the tuition payments occur at the end of each year.

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