) Carol wants to set up a fund for her son's education such that she could withdraw $2,297.00 at the beginning of every 3 months for the next 2 years. If the fund can earn 2.40% compounded semi-annually, what amount could she deposit today to provide the payment?
Round to the nearest cent.
B) How much interest will an account earn if you deposited $730 at the end of every six months for 8 years and the account earned 5.25% compounded semi-annually?
Round to the nearest cent.