Question: Current Attempt in Progress Your answer is incorrect. Abe will need $ 1 0 , 0 0 0 per year for four years to pay

Current Attempt in Progress
Your answer is incorrect.
Abe will need $10,000 per year for four years to pay for tuition. How much will Abe's parents have to invest at the end of each year for the 8 years before he begins his studies if their savings earn compound interest at 5 percent per year?
Assume the tuition payments occur at the end of each year. (Round answer to 2 decimal places, e.g.125.12. Do not round your intermediate calculations.)
Annual savings $
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