Question: Question 22 (3.33 points) Julia has just had her 50th birthday. She has two children. One will go to college 3 years from now and

 Question 22 (3.33 points) Julia has just had her 50th birthday.

Question 22 (3.33 points) Julia has just had her 50th birthday. She has two children. One will go to college 3 years from now and require four year beginning-of-year payments for college expenses, $17,000, $18,500, $20,000, and $21,500. The other will go to college 10 years from now and require four year beginning-of-year payments for college expenses, $23,500, $24,500, $25,500, and $26,500. In addition, Julia plans to retire in 15 years. Julia wants to be able to withdraw $180,000 per year (at the end of each year) from an account for 25 years. The first withdraw occurs on her 66th birthday. What equal, annual, end-of-year amount must Julia save for each of the next 15 years to meet these goals if all savings earn a 6% annual rate of return? O $110,199.32 $83,724.74 $100,961.62 $ 165,200.27

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