10.2.25-BE Question Help During Jack's first year at college, his father had been sending him $120 per month for incidental expenses. For the sophomore year, his father decided instead to make a deposit into a savings account on August 1 and have his son withdraw S120on the first of each month from September 1 to May 1 If the bank pays 6% interest compounded monthly, how much should Jack's father deposit? Jack's father should deposit (Do not round until the final answer. Then round to the nearest cent as needed.) wel wers Enter your answer in the answer box and then click Check Answer. Check Answer Clear All intere All parts showing at the end of each month for 10 years ly payment $1,200