Valerie and Ibrahim plan to send their son to university To

Last updated: 5/24/2023

Valerie and Ibrahim plan to send their son to university To pay for this they will contribute 8 equal yearly payments to an account bearing interest at the APR of 2 5 compounded annually Five years after their last contribution they will begin the first of five yearly withdrawals of 40 900 to pay the university s bills How large must their yearly contributions be