Question: Saving for College Monthly ( End and Beg ) The parents of Mr . and Mrs . Smith have decided to give their newborn grandchild

Saving for College Monthly (End and Beg)
The parents of Mr. and Mrs. Smith have decided to give their newborn grandchild $443 at the end of each month for the next 18 years to help pay for college. If the rate of return on their college investment is 9.125%, how much money will their grandchild have for college?
How much money will they have saved if the $443 contributions start a the start of the month?

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