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Question 4 5 pts Suppose you want to create a college fund for your newborn child and plan to deposit $5,278 in a bank account

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Question 4 5 pts Suppose you want to create a "college fund" for your newborn child and plan to deposit $5,278 in a bank account at the beginning of each of the next 12 years. If the account paid 12% interest per year, how much will be in the account at the end of the 12th year? (Work out the problem on a separate sheet of paper before entering the answer) (Round up your answer to two decimal point)

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