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1.A couple just had a baby. How much should they invest now 5.9?%compounded daily in order...

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Advance Math

1.A couple just had a baby. How much should they invest now5.9?%compounded daily in order to have ?$45,000 for the? child'seducation 18 years from? now? Compute the answer to the nearestdollar.? (Assume a? 365-day year.)

2.Find the value $20,000 at the end of one year if it isinvested in an account that has an interest rate of 5.40% and iscompounded in accordance with the rules below.

a. compounded monthly

b.compounded daily? (assuming a? 365-day year)

c.compounded quarterly

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