You just won the lottery and want to put some money away for your child's college education. College will cost $70,000 in 15 years. You can earn 7% compounded annually. How much do you need to invest today, assuming you make a one- time investment? $65, 420.56 $24, 719.12 $24, 939.49 $24, 570.48 $25, 371.22