to marks] b. A newborn child receives a $20,000 gift toward her tertiary education from her grandparent who insisted the gift should be put in investment for 18 years by the baby's parents. The highest rate offered was 7%. Parents of the baby opted for the investment to be compounded quarterly. What is the compound interest on the investment? [5 marks] 1i How much is the investment worth at the end of the period? [ 2 marks] Question 2 [15 marks]