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Question 3 : You are currently thinking about starting a fund for your kid's future. You want to deposit $ 4 , 0 0 0

Question 3: You are currently thinking about starting a fund for your kid's future. You want to deposit $4,000 every year for 35 years with an annual increase of $750. At the end of the 35|| years, how much will you have accumulated for your kids? Consider an interest rate of 6%.
a)4,101,712.82
b)96,644.44
c)182,299.28
d)1,401,172.82
e) None of the above
Question 4: Every year for 10 years starting year 2, you deposit $2000 in a savings account that earns 7% yearly. What is the present value of this series?
a)14,720.20
b)13,887.04
c)27,632.90
d)3,934.30
e) None of the above
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