9. How much would you need to invest today for your child to have $30,000 for his/her college education? Assume your child is currently 3 years of age, and you anticipate theyll begin college 15 years from now (at age 18). Market rates of return on aggressive investments average 13.0%.

10. Using the same scenario above, how much would you need to invest per month to have the $30,000 by the time your child begins college?