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A couple's first child has just started kindergarten, and they have decided to save money for her college education. They have $1,032 invested so far.

A couple's first child has just started kindergarten, and they have decided to save money for her college education. They have$1,032invested so far. They are planning to invest an additional$300each month for the next13 years.

If their investments have a return of7.0%, compounded monthly, how much will they have at the end of13years, if theystart today?

If their investments have a return of7.0%, compounded monthly, how much will they have at the end of13years, if theystart a month from now?

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