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3. [-/2 Points] DETAILS HARMATHAP12 6.2.011. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER What lump sum do parents need to deposit in an account earning

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3. [-/2 Points] DETAILS HARMATHAP12 6.2.011. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER What lump sum do parents need to deposit in an account earning 5%, compounded monthly, so that it will grow to $90,000 for their son's college fund in 14 years? (Round your answer to the nearest cent.) $ Need Help? Read It Watch It

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