Current Attempt in Progress X Your answer is incorrect. Alysha would like to support the education of her favourite grand-nephew, Stephen, who plans to begin university in 3 years. How much will Alysha have to invest today, at 4 percent, to be able to give Stephen $7,800 at the end of each year for 4 years? (Round answer to 2 decimal places, e.g. 125.12. Do not round your intermediate calculations.) Amount to be invested today $ 25,170.88 4

Alysha would like to support the education of her favourite grand-nephew, Stephen, who plans to begin university in 3 years. How much will Alysha have to invest today, at 4 percent, to be able to give Stephen $7.800 at the end of each year for 4 years? (Round answer to 2 decimal places, eg. 125.12. Do not round your intermediate calculations.)