Question: Advanced TVM 2 Your sister will start college in five years. She just informed your parents that she wants to go to Georgia Southern University.
Advanced TVM
Your sister will start college in five years. She just informed your parents that she wants to go to Georgia Southern University. It will cost $ per
year for four years cost assumed to come at the beginning of each year Anticipating her ambitions, your parents have saved already $ and
will continue to invest at the end of each month for the next five years.
How much more will your parents have to invest each month for the next years to have the necessary funds for your sister's college education?
Assume the interest rate is annual compounding.
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