document.write( "Question 1173985: Today Dante and Sharon had their first child and they want to begin saving for their child’s education. With all the expenses of having a new child they feel they can only afford to put away $75 a month but they plan to continue doing so until the child turns 18. They are budgeting for an interest rate of 3.2%, compounded monthly. \r
\n" ); document.write( "\n" ); document.write( "Q1 How much money will they have in the account by their child’s 18th birthday?\r
\n" ); document.write( "\n" ); document.write( "Q2 How much interest will be earned?\r
\n" ); document.write( "\n" ); document.write( "Sharon convinces Dante that because school is both very expensive and very important, they must try to save a little more each month. The review their budget once more and decide that increasing their payments to $125 each month is manageable. \r
\n" ); document.write( "\n" ); document.write( "Q3 How much will they have saved by their child’s 18th birthday now that they have increased their payments?\r
\n" ); document.write( "\n" ); document.write( "Q4 How much interest will be earned?
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Algebra.Com's Answer #799368 by ikleyn(52797)\"\" \"About 
You can put this solution on YOUR website!
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N E V E R submit two assignments/questions/problems in one post.

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