Question: 3. (2 pts.) Fatima wants to save $30,000 for her daughter's college education. If she invests in a savings account with an interest rate

3. (2 pts.) Fatima wants to save $30,000 for her daughter's college

3. (2 pts.) Fatima wants to save $30,000 for her daughter's college education. If she invests in a savings account with an interest rate of 5% that compounds monthly, how large does her investment need to be for the account to be worth $30,000 in 10 years? 4. (2 pts.) Maria has $10,000 in a savings account with an interest rate of 3%. How much will she have in her savings account in 5 years if she deposits $50 per week into the account?

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