How much must be deposited today into the following account in order to have a ( $ 100,000 ) college fund in 12 years? Assume no additional deposits are made. An account with quarterly compounding and an APR of 2.92 % $ should be deposited today. (Do not round until the final answer. Then round to the nearest cent as needed.)

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How much must be deposited today into the following account in order to have a  (  $ 100,000  ) college fund in 12 years? Assume no additional deposits are made. An account with quarterly compounding and an APR of 2.92 %  $ should be deposited today. (Do not round until the final answer. Then round to the nearest cent as needed.)

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