4) A father decided to open a saving account for his daughter in order to use it when he attend the university, and the father can save JD300 per month from his salary for the planned period except for March due to the tuition fees for the school. Assuming the rate on saving account was 7% p.a. compound monthly, what will the investment amount be at the time the daughter attends the university, given that the daughter is 14 years old right now