Problem 3 - Present Value of Savings Account
A father has decided to set aside a one time lump sum for college that will amount to $60,000 by the time
his 5 year old is 18 years old (13 years). Using 8% as the rate and assuming no further investments will be made,
how much must the father invest today in order to have $60,000 in 13 years?
Rate	8.00%
Nper	13
PMT	0
FV	$60,000.00
Type	0
PV	$22,061.88