Question: Please answer it quickly and correct thanks Zachary wanted to ensure that he had $80,000 for his child's university education. As soon as his child

Please answer it quickly and correct thanks

Zachary wanted to ensure that he had $80,000 for his child's university education. As soon as his child was born, he started saving $1,225 every 6 months in an investment fund. If he achieved his investment target on his child's 20th birthday, and he made no deposit on the child's 20th birthday, calculate the following: a. The nominal interest rate for the investment, compounded quarterly. % Round to two decimal places. b. Calculate the effective interest rate for this investment. %

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