Ali is in planning to go to university in 5 years. After doing some research, he estimated tuition will run about $ 15,000 for the first year. Interest rates are currently at 5% and not expected to change over the next 5 years.
Instructions
How much money must Ali's Mom invest today to pay cover the tuition for his first year?

Question

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The Answer of Ali is in planning to go to university in 5 years. After doing some research, he estimated tuition will run about $ 15,000 for the first year. Interest rates are currently at 5% and not expected to change over the next 5 years.
Instructions
How much money must Ali's Mom invest today to pay cover the tuition for his first year?

Ali Is in Planning to Go to University in 5