A couple is planning to finance their 5-year-old daughter's college education. They established a college fund that earns 15%, compounded annually. What annual deposit must be made from the daughter's...

A couple is planning to finance their 5-year-old daughter's college education. They established a college fund that earns 15%, compounded annually. What annual deposit must be made from the daughter's 5th birthday (now) to her 16th birthday to meet the future college expenses shown in the following table? Assume that today is her 5th birthday. Draw cash flow diagram.