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Question 2 (1 point) Brenda Young desires to have $21300 saved after 7 years from now for her kid's college fund. If she will earn
Question 2 (1 point) Brenda Young desires to have $21300 saved after 7 years from now for her kid's college fund. If she will earn 8 percent (compounded annually) on her money, what amount should she deposit now? Use the appropriate Time Value of Money table [Exhibit 1-A, Exhibit 1-B, Exhibit 1- C, OR Exhibit 1-D] (Round your answer to the nearest whole number. Do not include the comma, period, and "$" sign in your response.)
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