$02$:$33$:$37$

This problem is based on the following video:

How much do you need to save every month to have $$100,000$ for your child's tuition?

$($CNBC $4/24/2020$ by Robert Exley Jr$.)$

To watch it$,$ you may need to right$-$click the link and open in a new tab or window. As you watch the video, please fill$-$out the TVM

Framework for the $529$ Education Savings Plan:

$($IMPORTANT: all values are numeric except the unknown, which is a question mark: $?)$

Complete the TVM Framework table below $($round your computation to the nearest cent.$)$

TVM Framework

To the nearest whole dollar, the video claims that the amount to save each month is $$258.$

Keeping all environment $(c,n,)$ values and cash flows $(PV,PMT,FV$ exactly the same, change only the type of annuity and recompute

the monthly payment: $$,($round to nearest cent$)$

To compute the monthly amount, the video actually used: Ordinary annuity $($end of each period$)$

To compute the monthly amount, the video should have used: annuity due $($beginning of each period$)$

NOTE: The difference between the two calculations is quite small and so in this case, and most people would say that the difference

$"$is not material."

compute to the nearest cent