Your younger sister, Linda, will start college in five years.
She has just informed your parents that she wants to go to Hampton
University, which will cost $45,000 per year for four years (cost
assumed to come at the end of each year). Anticipating Linda’s
ambitions, your parents started investing $6,500 per year five
years ago and will continue to do so for five more years. Use 11
percent as the appropriate interest rate throughout this problem
(for discounting or...