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8. [-/1 Points) DETAILS HARMATHAP126.2.011. MY NOTES What lump sum do parents need to deposit in an account earning 8% compounded monthly, so that will

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8. [-/1 Points) DETAILS HARMATHAP126.2.011. MY NOTES What lump sum do parents need to deposit in an account earning 8% compounded monthly, so that will grow to $50,000 for their son's college fund in 11 years? Round your answer to the nearest Cont) 5 Need Help? Show My Work 9. [-/1 Points) DETAILS HARMATHAP12 6.2.014.ML MY NOTES What present at amount to $260,000 investod at, compounded temaer for 19 years? Round your answer to the nearest cent) Pas Need Helo? TRG

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