In this video, we walk through a complex financial problem involving saving for tuition payments. The goal is to determine how much needs to be deposited annually to cover six years of tuition payments for a child attending medical school. The key concepts covered include the time value of money, the use of a financial calculator, and annuity formulas to calculate the required deposits. We start by identifying the needed tuition payments, which amount to $120,000 annually for six years, and break the problem into two sections: deposits and tuition payments. After visualizing the timeline, we calculate the present value of these future tuition payments and use it to determine the annual deposit amount. Throughout the video, we emphasize the importance of using flow charts, understanding payment structures, and applying annuity formulas to solve for the unknowns. By the end, viewers will have a clear understanding of how to approach similar problems in finance, using both a conceptual approach and a financial calculator for accurate results.