You contribute $1748 at the beginning of each year to your childs college fund. Your bank pays you a rate of 4.41% per year compounded semi-annually on the account.

1.What is the annually compounded rate of interest that is equivalent to 4.41% compounded semi-annually?

2.How much is in the account in 17 years?

3.How many years from today will be the first time the account has at least $70000? No units are required