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Solutions
Let's understand the meanings of the given words:
Visualize is to form a mental image of; imagine.
Predict means to say or estimate that (a specified thing) will happen in the future or will be a consequence of something.
Envisage means to contemplate or conceive of as a possibility or a desirable future event
Afford means to manage to bear without serious detriment.
No parent would like to see his/her child wasting his/her potential. Therefore, the word "waste" fits best here as it is a strong word expressing the concerned of the parents in the sentence.