Question: Question 2 (5 points) Listen Juan is saving for his daughter's college education. If the savings account earns 3% interest compounded monthly, and Juan wants

Question 2 (5 points) Listen Juan is saving for his daughter's

Question 2 (5 points) Listen Juan is saving for his daughter's college education. If the savings account earns 3% interest compounded monthly, and Juan wants to have $60,000 in 10 years, what must the principal (initial amount) be? Round to the nearest dollar. O $58227 $3099 $44466 O none of these O $60000

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