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You are going to deposit $3,500 in an account that pays .2 percent interest per month. How much will you have in 7 years? 1,876.48

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You are going to deposit $3,500 in an account that pays .2 percent interest per month. How much will you have in 7 years? 1,876.48 6,117.98 4,139.58 8,001.69 Question 3 10pts Assume the total cost of a college education will be $300,000 when your child enters college in 10 years. You presently have $52,000 to invest. What annual rate of interest must you earn on your investment to cover the cost of your child's college education? 30.23% 5.76% 19.15% 10.05%

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