You are a brand-new parent, and decide to set up an interest-bearing investment account in order to pay for your child's college. Starting today, you will put $1,000.00 into the investment account. Once every quarter, you plan on continuing to put in $1,000.00, and will continue to do so for 18 years. The account pays a quarterly interest rate of 0.0155 (1.55%). Ignore taxes.

1. What is the cash flow at T=0 is

Select one:

A. $0.00

B. $1,000.00

2. What is the cash flow at T=1 is

Select one:

A. $0.00

B. $1,000.00

C. $1,015.50

D. $1,020.00

3. Starting at T=1, the number of payments is

Select one:

A. 4

B. 12

C. 18

D. 19

E. 36

F. 72

G. 73

H. 216

4. You will calculate how much has accumulated in the account in 18 years. This is a:

Select one:

A. PV Problem

B. FV Problem

5. Eighteen years from today, how much will have accumulated in the account?

Select one:

A.$15.602.53 B. $16.602.53 C. $20,579.45 D. $62,189.09 E. $63,189.09 F. $130.748.28 G. $131.748.28 H. $133.774 88 I. $147.032.33 J. $151.900.23