A local library receives a bequest of $100,000 from a prominent local family. How much will this

Question:

A local library receives a bequest of $100,000 from a prominent local family. How much will this provide at the beginning of each 3-month period for the next 212 years if money is worth 7.4% compounded quarterly?
(a) Decide whether the problem relates to an ordinary or an due, and then
(b) Solve the problem.
Annuity
An annuity is a series of equal payment made at equal intervals during a period of time. In other words annuity is a contract between insurer and insurance company in which insurer make a lump-sum payment or a series of payment and, in return,...