This set of problems is designed to be calculated using the Excel or financial calculator. Do not use financial tables to calculate these problems.

Your client needs to invest about $86,037 more today to meet her goal to accumulate money for her child's educationbut she does not have it now! When your client discovers her saving will still not accomplish her goal , she asks you to determine the additional amount she would need to save each year at the end of the year to reach the goal if she earns 6.10 percent compounded annually on her money. So the question is, what additional amounts invested at the end of each year for the next 10 years are equivalent to $86,037 invested today?

Round the answer to two decimal places.

answer: