A wise father begins an educational fund for his daughter by depositing $300 on March...
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Finance
A wise father begins an educational fund for his daughter by depositing $300 on March 15, 2010.
a.If he continues to make quarterly payments of $300 and the fund pays 6%(4), what amount is available when the last contribution is made on September 15, 2022?
b.When he was looking for a good fund, there was one with a monthly contribution of $100 at 5.94%(12), starting January 15, 2020. If he is still to make the last contribution on September 15, 2022, should he have chosen that fund over what he chose (the one from part a)? Justify your answer.
Please no excel!
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