Hale College predicts that in 10 years it will take $200,000 to attend the college for four years. Alexis has a substantial amount of cash and wishes to invest a lump sum of money for her child's college fund. How much should Alexis put aside in an account with an APR of 11 % compounded monthly in order to have $200,000 in the account in 10 years? Round your answer to the nearest cent, if necessary. Formulas

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