Question: 2) (45 points) A married couple is expecting their first child and they want to start saving money for their child?s education. They want to
2) (45 points) A married couple is expecting their first child and they want to start saving money for their child?s education. They want to be able to withdraw $100.000 per year for 4 years, starting 18 years from now They have identified a fund that is guaranteeing a return of 6% per year compounded monthly They would like to save a fixed amount per month for 15 years. starting one month from now Calculate their monthly deposit assuming that the fund will be depleted when the last annual withdrawal is made
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