$1.$ Having received a large inheritance, Jing$-$mei's parents wish to establish a trust for her college education. Seven years from now they need an estimated $$110,000.$ How much should they set aside in trust now if they invest the money at $6\mathrm{.}2\%/$year compounded quarterly? Continuously? $($Round your answers to the nearest cent.$)$

quarterly $

continuously $

$2.$If Jackson deposits $$70$ at the end of each month in a savings account earning interest at a rate of $3\%/$year compounded monthly, how much will he have on deposit in his savings account at the end of $2$ years, assuming he makes no withdrawals during that period? $($Round your answer to the nearest cent.$)$

$3.$A young man is the beneficiary of a trust fund established for him $16$ years ago at his birth. If the original amount placed in trust was $$30,000,$ how much will he receive if the money has earned interest at the rate of $6\%/$year compounded annually? Compounded quarterly? Compounded monthly? $($Round your answers to the nearest cent.$)$

compounded annually $

compounded quarterly $

compounded monthly $