44. Mutt Masterson recently inherited $100,000 from his dearly departed uncle, Mitt Masterson. Mutt is planning to set aside part of the funds in a college planning account to cover the cost of sending his son Matt to Dook University (home of the Baby Blue Devils). Mutt will deposit any remaining funds in his retirement account. Matt Masterson will go to college fifteen years from today and will stay in school four years. The current cost to attend Dook U. is $21,254 per year. The cost of a Dook U. college education is expected to increase at an annual rate of 6 percent during the next two decades. Therefore, Mutt must consider the future costs of sending Matt to college. Mutt would like to have money available at the beginning of each year that Matt is in college to cover his expenses for the year. Mutt wants to deposit exactly enough money in the college planning account today to cover the cost of Matt's college education. The college planning account will earn 6 percent annual interest. Any money remaining (after making the deposit to cover the college costs) will be deposited into Mutt's retirement account. The retirement account earns 10 percent annual interest. How much money will be deposited into Mutt's retirement account? $14,984