Question 15 of 18 Step 1 of 1 00:14:52 Draper College predicts that in 16 years it will take $300,000 to attend the college for four years. Hailey has a substantial amount of cash and wishes to invest a lump sum of money for her child's college fund. How much should Hailey put aside in an account with an APR of 11% compounded monthly in order to have $300,000 in the account in 16 years? Round your answer to the nearest cent, if necessary. Formulas Answer (How to Enter) 2 Points Keypad Keyboard Shortcuts $ > Next