Imagine that you are a parent, and your child is going to college in 4 years. tuition fees amount to $16,000 a year for each of the 4 years. you plan on depositing a lump sum of money today in a bank account paying 5% interest a year, so that you can make these annual tuition fee payments. the first tuition fee payment you make will be 4 years from now. calculate how much is the lump sum of money you need to deposit now in order to fund these annual tuition fee your answer to the nearest integer, e. g. enter 12345 if your answer is 12,345.2; enter 12346 if your answer is 12,345.7)