Parents wish to have $130,000 available for a child's education. If the child is now 3 years old, how much money must be set aside at 6%to meet their financial goal when the child is 18?Click the icon to view some finance formulas......The amount that should be set aside is $(Round up to the nearest dollar.)FormulasIn the provided formulas, A is the balance in the account after t years, P is theprincipal investment, r is the annual interest rate in decimal form, n is the numberof compounding periods per year, and Y is the investment's effective annual yieldin decimal form.ntnAA = P 1+A = PertntY =P =- 11 +PrintDone

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Parents wish to have $130,000 available for a child's education. If the child is now 3 years old, how much money must be set aside at 6% to meet their financial goal when the child is 18? Click the icon to view some finance formulas. ..... The amount that should be set aside is $ (Round up to the nearest dollar.)