12 -20 2.5 points A man wants to make a single deposit today that will pay for his grandson's future college education. He expects college to cost $47,000 per year for 5 consecutive years. Since his grandson is not yet college-age, the first annual bill will not be due until 11 years from today. If the discount rate is 5%, how much money should the man deposit today in order to fully fund the college payments? Enter your answer as a positive number rounded to the nearest dollar. Type your