How much must you invest each year starting two years from, Financial Management

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How much must you invest each year starting two years from

You plan on attending graduate school for 2 years starting 5 years from now. Each year of graduate school will cost you $25,000. You begin saving for graduate school starting 2 years from now and save for 3 years. How much must you invest each year, starting two years from now, for 3 years such that your investment will grow to just cover the cost of graduate school? Your investments earn 4% APR (compounded annually).

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Financial Management: How much must you invest each year starting two years from

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