[Solution Library] The day that Mrs. S’s daughter was born, Mrs. S opened a college fund for her that pays 4.5% interest compounded quarterly. Initially
Question: The day that Mrs. S’s daughter was born, Mrs. S opened a college fund for her that pays 4.5% interest compounded quarterly. Initially she deposited $2,000 and every quarter she deposits another $1.000. If Mrs.q S's daughter goes to college when she turns seventeen, how much will be in the account on her seventeenth birthday? Use information regarding your own tuition and the cost of living and argue if this
amount will be enough.
Deliverable: Word Document 
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