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1.3.1. You plan to invest part of your paycheck to finance your children's education. You want to have enough in the account to draw $1000

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1.3.1. You plan to invest part of your paycheck to finance your children's education. You want to have enough in the account to draw $1000 a month every month for 8 years beginning 20 years from now. The account pays 0.5% interest each month. a. How much money will you need 20 years from now to accomplish the financial objectiv college -a safe assumption e? Assume you stop investing when your first child begins b. How much must you deposit each month during the next 20 years

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