Attempts 0 Average 0/1 40. Problem 5.40 (Required Annuity Payments) ebook A father is now planning savings program to put his daughter through college. She is 13. plans to enroll at the university in years, and the should graduate 4 years later Currently, the arrow cost for everything food, dothing, tution, books, transportation, and so forth) is $15,000, but these costs are expected to increase by annually. The college requires total payment at the start of the year. She now as $8.000 in college savings account that pays 9% annually. Her father will make wedual annual deposits into her account the first deposit today and then the day she starts college. How large mutach of the payment belirt Calculate the cost inflated at 6%) for each year of college and find the total present value of those costs, discounted at, as of the day the enters colege. Then find the compounded value of her 30,000 on that same day. The difference between the PV of costs and the amount that would be in the savings account must be made up by the father's deposits, to find the legal mers that will compound to the roured amount.) Do not round intermediate calculations. Round your answer to the nearest do