1. 0.66/1 points Previous Answers CraudColAlg6 2.4.EX.004. My Notes Ask Your Teacher You want to begin making regular deposits to finance your child's college education 18 years (216 months) in the future. You are able to invest $200 at the end of each month, and you judge that $100,000 will be needed. That is, you want the future value F of the investment to be $100,000. Whether you can attain that goal depends on interest rates. If the monthly interest rate is r as a decimal, then the future value of the investment is given by 200 ((1+r)2161) dollars. (a) Plot the graph of F along with the target value of $100,000. Use a horizontal span of 0 to 0.01. 120000 100000 F 120000 100 000 80000 80000 60000 60000 400001 40000 20000 20000 0.002 0.004 0.006 0.008 0.010 0.002 0.004 0.006 0.008 0.010 120000 100000 80 000 60000 40000 20000 F 0.002 0.004 0.006 0.008 0.010 120000 100 000 80000 60 000 40000 20000 0.002 0.004 0.006 0.008 0.010 (b) Find the monthly rate r that will yield the desired future value of $100,000. Round your answer as a percentage to one decimal place. % (c) What is your total investment in your child's education? $100341.83 X Need Help? Read It Talk to a Tutor