On 27 (CH) Abu Luqman is planning to put his son through college in 6 years. The estimated initial college fee in 6 years is $65,000. If he invests, he can earn a 7% return compounded annually in an investment saving. out of HOW MUCH MONEY DOES HE HAVE TO SAVE NOW IN ORDER to be able to send his son to college? IS THERE ANY DIFFERENCE between the amount he has at present, $42,000, and the amount he has to deposit? HOW MUCH IS THE DIFFERENCE? Select one: O a. save $42,000.00 now, and the difference is $23,000.00 O b. save $63,030.67 now, and the difference is $1,969.33 O C. save $43,312.24 now, and the difference is $21,687.76 O d. save $43,312.24 now, and the difference is $1,312.24