1.Raymond set up a savings fund for his son's education so that he would be able to withdraw $1,750 at the beginning of every month for the next 10 years. The fund earns 3.81% compounded quarterly.

a. What amount should he deposit today to allow for the $1,750 periodic withdrawals?

$124,825.90

$174,497.91

$175,050.19

$126,014.87

b. How much interest would he earn in this investment?

$175,050.19

$34,949.81

$210,000.00

$35,502.09

2. How much should Jessica have in a savings account that is earning 3.25% compounded quarterly, if he plans to withdraw $2,350 from this account at the end of every quarter for 9 years?

Round to the nearest cent