The Courters want to start saving for their son's college education. The estimated annual cost of attending UC Berkeley is $33,000 per year. Assuming it will take their son 5 years to graduate, and ignoring inflation, they will need at least $165,000.00. They have 16 years before their son will be ready for college. Their annuity pays 3% per year. How much should be deposited monthly? Enter monthly deposit $ They decide to deposit $675.00 each month. How much is the future value of the account? Enter future value $ How much is from their deposits? Enter total $129600 Correct. Good Job! How much interest will be earned? $ Preview $ 129,600