1a, How much should be originally placed in a trust fund in order to do the following? I want my daughter to be able to withdraw quarterly payments of $600 for 10 years. Money earns an annual rate of 8% compounded quarterly. After the last withdrawal there is a zero balance.

1b. If you deposit $6,124 into a fund (today) that earns 5% interest compounded monthly,what minimum payment can you withdraw at the end of each month for 6 years so that the account has a $0 balance.