Jackie and Billy are saving for their first child. They know

Last updated: 7/26/2022

Jackie and Billy are saving for their first child. They know he/she will be expensive and would like an extra $5000 in the bank when the baby comes. Jacke and Billy are not planning to have a baby for at least 3 years. They found a savings account that will earn 5.2% interest compounded quarterly. How much money should they invest to be financially prepared for their first child? Round to the nearest dollar