Chapter 2 Financial Planning Exercise 11 Steve Short wants to set up a fund to pay for his daughter's education, In order to pay her expenses, he will need $24,000 in four years, $25,500 in five years, $26,800 in six years | and $27,900 in seven years. If he can put money i Round the answer to the nearest cent. Round PV-factor to three decimal places. into a fund that pays 6% interest, what lump-sum payment must he place in the fund today to meet his college funding goals