1. You plan to contribute $1,200 each year to your nephew’s college education. He will graduate from high school in 10 years. Interest rates are 6%. Calculate how much money you should have saved for...

1. You plan to contribute $1,200 each year to your nephew’s college education. He will graduate from high school in 10 years. Interest rates are 6%. Calculate how much money you should have saved for him by the time he is ready to go to college using the following methods:

a. Reference table

b. Financial calculator