Two rich concerned parents just had a baby. They are worried about their kid's ability to make money in this tough environment. Therefore. they want to fund an I account today that will disburse money annually forever starting from when the kid turns 23 years old. If the parents want the fund to pay out $42,976 per year, how much money would they have to contribute now given that the interest rate is 8.0%. ', 2,616,950.27 5 > 91.493 margin of error +r- 0.05