Saving for College Monthly (End and Beg) The parents of Mr. and Mrs. Smith have decided to give their newborn grandchild $357 at the end of each month for the next 18 years to help pay for college. If the rate of return on their college investment is 8.75%, how much money will their grandchild have for college? How much money will they have saved if the $357 contributions start a the start of the month?