ce 12r qatory P 4500/-(e ) 14- = 0.125 he will hand $ 140, 700.20 - The couple wishes to start with a deposit at the end of the the end of the fine te of $50 each quarter thereafter until they send their child (0:12 ao arter thereafter and now he took Determine the value of the first deposit. A: P: 140 700 70 7 00 n (1.03) 46 - (0.03456)- 1 7 P= 50 1070.00 (1.01) : 27 112.40 Poto 141,700.79 +29,17 : 5167.815.00 A: 167,8810/ 1 0.03 ( (1.03) sty A = $1188.86 e end of fist Qurta. A couple wants to save for their 4 year olds son college exspenses. Assuming the child enter college at the age of 18. The couple estimates that an amount of 45000$ will be required to support the first year of the childs college expenses. College expenses are due at the beginning of each year and estimated to increase at an annual amount of 3% during the sons 4 years of college. Assuming the savings account will average 12% compounded quarterly Part 1: How much money must they have in the savings account when the child reaches 18? The couple wishes to start with a deposit at the end of the first quarter and increase it at a rate of 50$ each quarter thereafter until they send their child to college. Determine the value of the first deposit