1:Kaitlyn wants to set up a fund for his son's education such that he could withdraw $2,050.00 at the beginning of every 3 months for the next 2 years. If the fund can earn 2.20% compounded semi-annually, what amount could he deposit today to provide the payment?

Tom and Sandy have set up a sinking fund in order to have $21,000.00 in 5 years for their child's college education. How much should be paid monthly into an ordinary annuity earning 7.46% compounded monthly so that they reach their goal? How much interest is earned during the last year? (Note: Your answer is a dollar amount and should include a dollar sign)

A couple plans to save for their child's college education. What principal must be deposited by the parents when their child is born in order to have 39,000$ When the child reaches the age of 18? Assume the money earns 7% interest, compounded quarterly.?round your answer to two decimal places.

A) When Liam Corbett was born, his grandparents opened a 529 college savings plan for him so that he had enough money to pay for college once he turned 18. His college education is expected to cost $225,000 on the day he turns 18 years old. Determine if there will be enough in the account given the following assumptions (Show your calculations): Assumption #1: The grandparents contribute $6,200 per year starting the day Liam is born and the account earns an average annual rate of return of 7%. Assumption # 2: The grandparents contribute $5,000 per year starting the day Liam is born and the account earns an average annual rate of return of 7%. Assumption # 3: The grandparents contribute $5,000 per year starting the day Liam is born and the account earns an average annual rate of return of 9%. Assumption #4: The grandparents contribute $8,500 per year starting the day Liam is born and the account earns an average annual rate of return of 4%. Assumption # 5: The grandparents contribute…

Ann and Tom want to establish a fund for their​ grandson's college education. What lump sum must they deposit at a 10​% annual interest​ rate, compounded quarterly​, in order to have ​$30,000 in the fund at the end of 10 ​years?       Question content area bottom Part 1 They should deposit ​$enter your response here. ​(Round up to the nearest​ cent.)

if her dad deposits R3570,00  at the end of every six months for the next four years into a bank account. The account pays 8,5% interest per annum, compounded semi-annually. Her father pays and additional R5550,00  into the account for every R3570,00  deposit he makes. The first deposit will be made six months from now. How much money will there be in the account for Aziz to pay for her college expenses?

34.At the beginning of  every 3 months ,  college student deposits  P300 in a fund  that gives 12% compounded quarterly , If he intends to use this money  for his graduation , how much money does he  have in 4  years?

Allain Dupre wants to set up a scholarship fund for his school. The annual scholarship payment is to be $3,600 with the first such payment due two years after his deposit into the fund. If the fund pays 4.5%compounded annually , how much must Alain deposit

Mr. and Mrs. Pence would like to set up a college fund for their grandson. They want him to be able to withdraw $2,250 each month for the two years he will be in college. 8. MAB 11 Their grandson is currently celebrating his second birthday. His first college withdrawal will be on his 19th birthday. The college fund will earn j12=2.4%. 14 How much must they deposit today into the college fund? Your Answer: Answer

You owe $32,000 to your parents for funding some of your college fees. You promise to make 5 annual payments of $8,200 to settle your debt. Approximately what interest rate are your parents charging, if you make the 5 annual payments beginning one year from now?