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A newborn child receives a $ 10,000 gift toward a college education from her grandparents.

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1.) A newborn child receives a ​$10,000 gift toward a college education from her grandparents. How much will the ​$10,000be worth in 20 years if it is invested at 5.6% compounded​ quarterly?

2.) Find the payment that should be used for the annuity due whose future value is given. Assume that the compounding period is the same as the payment period:

​$21,000 quarterly payments for 11years; interest rate 5.8%

What is the payment?

3.) Find the amount necessary to fund the given withdrawals.

Monthly withdrawals of ​$800 for 5 ​years; interest rate is 5.4​% compounded monthly

 
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