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Question 30 1.5 pts Solve the problem. Mark and Kate are establishing a fund for their son's college education. What lump sum must they deposit

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Question 30 1.5 pts Solve the problem. Mark and Kate are establishing a fund for their son's college education. What lump sum must they deposit in an account that gives 5% annual interest rate, compounded monthly, in order for them to have $85,000 in the fund at the end of 10 years? 0 $52,368.69 0 $51,068.69 0 $55,644.69 0 $53,388.69

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