Question: Please answer questions with work shown. Thank you! l. A family is saying for their child's education. They Want to have $8 eighteen years from

Please answer questions with work shown. Thank you!

l. A family is saying for their child's education. They Want to have $8 eighteen years from now. a} Horar much do they need to deposit each month into an account earning 12% interest compounded monthly?l Round your answer to the nearest cent. b} What is the interest earned on the account\"? 2. If you deposit $25!?! into an account that earns 4.8% interest compounded monthly, a} Host.r much will you have in the account 31'} years from now? b} What is the interest earned on the account\

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