deposit starts year 19

Calculate the value of FV's Investment Account as requested below Timing of investment Assumptions Yield % Amount Frenquency Notes $150 Monthly Beginning of period Mom and Dad monthly investments 0 Nana and Papa periodic investments 8% $1,000 deposited at the beginning of year 6, year 11 and year 16 1,000 Yearly Beginning of period 8% 2 Tuition and expenses per year at XYZ University Starting in Year 19 25,000 3 4 5 6 1. What is the value of FV's investment account at the end of 18 years including deposits from FV's parents and grandparents? 7 2. What is the value of FV's investment account at the end of 19 years assuming tuition and expenses were paid to XYZ University at the beginning of year 19? Assume Mom and Dad continue to make monthly investments per above. 9 3. What is the value of FV's investment account after paying tuition at the beginning sophomore year (ie, beginning of year 20)? 0 1 Hint: This is a multi part analysis. You will need to add the investments made by Nana and Papa to the value of FV's account at the beginning of the appropriate vears