You are a financial planner. Your clients primary objective is to finance her childs undergraduate studies costs. Today is January 1, 2020 and your client found out that your child was admitted to a prestigious five-year graduate program that requires a tuition of $50,000 per year to be paid on January 1 of each of the years 2025 to 2029 (its a five year very intense program). Regardless of the financing plan that you put into place, you believe it is reasonable to assume your client will earn an average annual return of 10.0% on her investmSuppose instead that your client would be able to convince her family to deposit on January 1, 2020 an amount of $45,000 and then for each January 1 of years 2021 to 2024 an amount growing at 5.00% (to clarify, the deposit on January 1, 2021 is 5.00% higher than the deposit on January 1, 2020 and so on, that is, the deposit on each January 1 is 5.0% more than the deposit made on the previous January 1). c. [10 points] Would these deposits be enough to finance the five $50,000 tuition payments (to be made on January 1, 2025 to January 1, 2029)?