Question: Question 43 Franklin will need $11,610 per year for four years to pay for tuition. How much will Franklin's parents have to invest at the

Question 43 Franklin will need $11,610 per year for four years

Question 43 Franklin will need $11,610 per year for four years to pay for tuition. How much will Franklin's parents have to invest at the end of each year for the 10 years before he begins his studies if their savings earn compound interest at 8 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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