A new father plans on saving for his daughter's college education. He will donate $875.00 on her first birthday. After that. he will increase his donation by 3.00% each year and will make his last contribution on her 18 th birthday. If he can earn 9.00% each year in his investment account, how much will his daughter's college fund be worth on her 18 th birthday? A new father plans on saving for his daughter's college education. He will donate $875.00 on her first birthday. After that. he will increase his donation by 3.00% each year and will make his last contribution on her 18 th birthday. If he can earn 9.00% each year in his investment account, how much will his daughter's college fund be worth on her 18 th birthday