Mathematics, 16.04.2021 23:00, lemoinedegraw

Two parents wish to establish a college fund for their kid. They deposit $100 every month into an account for 18 years. The money earns 6 3/8% interest compounded monthly. Find the future value of this account. How much money can the student withdraw from the made account every month of the school year and summer school for 4 years if the money is now in an account that pays 6.1% compounded monthly?

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Two parents wish to establish a college fund for their kid. They deposit $100 every month into an ac...