Question: I need help solving this problem After the birth of their first child, the Bartons plan to set up an account to pay for her

I need help solving this problem

After the birth of their first child, the Bartons plan to set up an account to pay for her college education. The goal is to save $90,000 over the next 18 years, and their financial planner suggests a bond fund that historically pays 6.1% interest compounded monthly. How much should they put into the fund now? Round your answer to the nearest cent

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