Parents have setup an account in order to have $12,000 in 10 years for their childs college fund. How much should be deposited quarterly into the account paying 4.5% compounded semiannually?

9. Parents have setup an account in order to have $12,000 in 10 years for their child's college fund. How much should be deposited quarterly into the account paying 4.5% compounded semiannually? a. b. c. d. e. f. Future Value with compound interest Present Value with compound interest Future Value of an Annuity Present Value of an Annuity Sinking Fund Amortization 10. A company establishes an account for upgrading office equipment with monthly payments of $2,000 into an account paying 8.7% compounded monthly. How much will they have in the 5 years? a. b. c. d. e. f. Future Value with compound interest Present Value with compound interest Future Value of an Annuity Present Value of an Annuity Sinking Fund Amortization