Help

suppose that you have a six year old son who seems to be bright. possibly he is so good that he would be admitted to the best universities in the world. you want to save enough money to be able to send your son to one of these top universities when he is 18and you plan to finance the undergraduate studies that last 3 years. you want to have the money saved at the time he starts his studies. you know that now one year of study (fees, accommodation, trips, books and everything else) costs GH¢ 25,000 and this cost is expected to grow at 2.5% each year in the future. assume that there will be no inflation and interest rates will be constant at 3%. how much should you save annually in the next 12 years to have the money for the university did not match with any results.