Question 33 (2 points) Listen A couple wants to set up a college fund for...
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Question 33 (2 points) Listen A couple wants to set up a college fund for their child. The fund will give the child $1,000 per month for 24 months. The fiest withdrawal will occur when the child turns 18 years old. Assume that the college fund will earn 112=6%. a) How much money will need to be in the account on the child's 18th birthday in order to sustain the withdrawals? A/ b) How much money should be set aside to establish the fund on the child's first birthday? A/
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