Q1; You contribute $1781 at the beginning of each year to your child's college fund.Your bank pays you a rate of 5.88% per year compounded semi-annually on the account.

How many years from today will be the first time the account has at least $70000?No units are required.

Q2:You are given the option to select one of the following prizes:

1. A one time payment of $100,000 today,
2. Payments of $7400 at the end of each year for 25 years,
3. Daily payments of $19 for the next 50 years (assume a 365 day year).

Assume money can earn 6.17% compounded quarterly.

What is the value, in terms of dollars today, of the prize you should select?

I totally struggled on question #2 and I`m seeking a help!