K Present Value. Juan would like to give his newly born grandson a gift of $9,600 on his 18th birthday. Juan can earn 5% annual interest on a certificate of deposit. How much must he deposit now in order to achieve his goal? (Round to the nearest cent.) (Use your financial calculator or you may use the In order to given his grandson $9,600 on his 18th birthday, Juan needs to deposit S Financial Tables in Appendix C in computing your answer, and round to the nearest cent.) +

much must he deposit now in order to achieve his goal? Finandial Tables in Acsendix C in computing your answer, and round to the nearest cent)