On January 1, Alan King decided to transfer an amount from his checking account into an investment account that later will provide $80,000 to send his son to college (four years from now). The investment account will earn 8 percent, which will be added to the fund each year-end. (Future Value of \$1, Present Value of S1, Future Value Annuiby of S1. Present Value Annuty of S1. Financial Calculator) (Use tables, Excel, or a financial calculator.) Required: 1. How much must Alan deposit on January 1 ? 2. What is the interest for the four years? Complete this question by entering your answers in the tabs below. How much must Aan deposit on January i? (pound apresent Value'to necirest whole dollar amagutit