Question: please answer Question 1 20 pts You plan on attending graduate school for 2 years starting 5 years from now. Each year of graduate school

please answer Question 1 20 pts You plan on attending graduate school please answer

Question 1 20 pts You plan on attending graduate school for 2 years starting 5 years from now. Each year of graduate school will cost you $25,000. You begin saving for graduate school starting 2 years from now and save for 3 years. How much must you invest each year, starting two years from now, for 3 years such that your investment will grow to just cover the cost of graduate school? Your investments earn 4% APR (compounded annually) $15,717 $16,835 $15,105 $16,667

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