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Your younger sister, Linda, will start college in five years.She has just informed your parents that she wants to go to HamptonUniversity, which will cost $38,000 per year for four years (costassumed to come at the end of each year). Anticipating Linda’sambitions, your parents started investing $5,800 per year fiveyears ago and will continue to do so for five more years. Use 12percent as the appropriate interest rate throughout this problem(for discounting or compounding).How much will your parents have to save each year (A?) for thenext five years in addition to the $5,800 they are currently savingto have the necessary funds for Linda's education? (Do notround intermediate calculations. Round your final answer to 2decimal places.)Additional Annual Saving Required =________