Question: You calculated that Maria needs to save $ 6 2 , 9 8 2 today to fund her daughter Sam's education in 6 years. She

You calculated that Maria needs to save $62,982 today to fund her daughter Sam's education in 6 years. She does not have that much money to set aside today. How much must she save each year in order to have sufficient funds for her daughter's college fund? Assume that she can make a 9% return on her investments and inflation is 4%.(answer using 2 decimal places)

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