Question: Your child has been contributing $200 every three months to an investment plan that has consistently earned 2.45% Compounded quarterly. They did this for five
Your child has been contributing $200 every three months to an investment plan that has consistently earned 2.45% Compounded quarterly. They did this for five years until they entered college. While in college, your child stopped contributing for one full year but did not take any money out. The money continue to earn interest. After one full year, they continued making contribution of $300 every quarter for three additional years. When they graduate, how much will they have in their account? Money has consistently earned 2.45% compounded quarterly
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